Burlington, Big Horn County, Wyoming Property Taxes
The median property tax rate in Burlington, Wyoming is 0.58%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Burlington, the typical annual property tax bill reaches $1,039, falling well below the national median of $2,690. Property taxes in Burlington are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Burlington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Burlington or another part of Big Horn County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Burlington, Big Horn County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,073
$995
Ownwell’s Burlington Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Burlington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burlington to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in observing trends on a neighborhood level, more localized information is available further down the page. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Burlington, Big Horn County, Wyoming
Property taxes in Burlington, Wyoming, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Burlington is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Burlington set these rates annually, and they can vary across different neighborhoods. Each year, Burlington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Burlington's effective property tax rate to other regions and the national median. For comparison, the zip code 82411 has both the highest and lowest median property tax rate in the region at 0.58%. Understanding how these areas compare with Burlington provides valuable insights into the varying tax landscape across Big Horn County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Burlington Tax Rate
0.58%
Average Big Horn County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Burlington, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82411 | 0.48% | 0.56% | 0.58% | 0.60% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Burlington, Big Horn County, Wyoming
In Burlington, Wyoming, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Big Horn County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Burlington, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Burlington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Burlington is $184,919, with the highest and lowest median tax bills both being $1,039 in the 82411 zip code.
Property Tax Assessment Values Across Burlington, Big Horn County, Wyoming
Source: Ownwell
$83,554
$231,194
$378,834
Average Burlington Assessed Value
$184,919
Average Big Horn County Assessed Value
$158,659
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Burlington, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82411 | $30,602 | $68,164 | $184,919 | $338,606 | $518,974 |
Source: Ownwell
Property Tax Bills Across Burlington, Big Horn County, Wyoming
In Burlington, located in Big Horn County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the home's market value, reflecting current real estate conditions. Homeowners in Burlington can expect their property tax bills to vary significantly; the median home price is $184,919. For the 25th percentile, tax bills are around $363, while at the 75th percentile, they rise to $1,864. At the 90th percentile, homeowners may see tax bills as high as $2,946. These property taxes fund essential local services such as schools, public safety, and infrastructure. Comparatively, Burlington's property tax rates are lower than the national median property tax rate of 0.99%. This means that homeowners in Burlington generally pay less in property taxes compared to the national average, offering a financial advantage while still benefiting from necessary public services.
Average Burlington Tax Bill
$1,039
Average Big Horn County Tax Bill
$957
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Burlington, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82411 | $158 | $363 | $1,039 | $1,864 | $2,946 |
Source: Ownwell