Emblem, Wyoming Property Taxes
The median property tax rate in Emblem, Wyoming 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 Emblem, the typical annual property tax bill reaches $2,224, which is below the national median of $2,690. Property taxes in Emblem 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 Emblem'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 Emblem or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Emblem, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$2,235
Ownwell’s EMBLEM Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EMBLEM with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EMBLEM 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 Emblem, Wyoming
Property taxes in Emblem, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emblem is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Emblem set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emblem 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 Emblem's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82422 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Emblem 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 Emblem 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 Emblem, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82422 | 0.52% | 0.56% | 0.59% | 0.61% | 0.63% |
Source: Ownwell
Property Tax Assessment Values Across Emblem, Wyoming
In Emblem, 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 Emblem, 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 Emblem helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82422 has both the highest and lowest median tax bills, each amounting to $2,224.
Average Emblem Assessed Value
$378,834
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 Emblem, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82422 | $144,877 | $221,602 | $378,834 | $509,986 | $640,208 |
Source: Ownwell
Property Tax Bills Across Emblem, Wyoming
In Emblem, 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 market value of the property. Homeowners in Emblem can expect their property tax bills to vary significantly. For instance, the tax bill for the 25th percentile is $1,376, while it rises to $3,103 for the 75th percentile and reaches $3,622 for the 90th percentile. These tax bills are influenced by various factors, including the property's location, size, and condition. The median home price in Emblem stands at $378,834, and the property tax rate in Big Horn County is competitive when compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly impact the amount they will owe in property taxes, affecting their annual financial planning and overall cost of homeownership.
Average Emblem Tax Bill
$2,224
Average Big Horn County Tax Bill
$957
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Emblem, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82422 | $792 | $1,376 | $2,224 | $3,103 | $3,622 |
Source: Ownwell