Deaver, Big Horn County, Wyoming Property Taxes
The median property tax rate in Deaver, WY is 0.59%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Deaver, the typical annual property tax bill reaches $615, significantly below the national median of $2,690. Property taxes in Deaver 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 Deaver'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 Deaver 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
Deaver, Big Horn County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$646
$599
Ownwell’s Deaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deaver to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Deaver, Big Horn County, Wyoming
Property taxes in Deaver, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Deaver is 0.59%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Deaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deaver 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 Deaver's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82421 has both the highest and lowest median property tax rate of 0.59%. Understanding how these cities compare with Deaver 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 Deaver Tax Rate
0.59%
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 Deaver, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | 0.54% | 0.57% | 0.59% | 0.62% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Deaver, Big Horn County, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Deaver, Wyoming. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Deaver, 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. For instance, the median home price in Deaver is $109,496, with tax bills ranging from $227 at the 25th percentile to $1,536 at the 90th percentile. Notably, the zip code 82421 has the highest median tax bill of $615. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Deaver, Big Horn County, Wyoming
Source: Ownwell
$83,554
$231,194
$378,834
Average Deaver Assessed Value
$109,496
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 Deaver, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | $17,730 | $42,339 | $109,496 | $188,410 | $251,370 |
Source: Ownwell
Property Tax Bills Across Deaver, Big Horn County, Wyoming
In Deaver, Big Horn County, WY, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For homeowners in Deaver, the median home price is $109,496, and the property tax rate is applied to this assessed value to determine the tax bill. Several factors influence the property tax bill, including the property's location, size, and condition. In Deaver, the tax bill can vary significantly, with the 25th percentile at $227 and the 75th percentile at $1,075. The 90th percentile tax bill reaches up to $1,536. This variation highlights how individual property characteristics can impact the overall tax burden. Compared to the national median property tax rate of 0.99%, Deaver's property tax bills are relatively moderate, providing some financial relief to homeowners in the area. Understanding these factors can help homeowners anticipate their property tax obligations and plan accordingly.
Average Deaver Tax Bill
$615
Average Big Horn County Tax Bill
$957
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Deaver, Big Horn County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | $106 | $227 | $615 | $1,075 | $1,536 |
Source: Ownwell