Gillette, Wyoming Property Taxes
The median property tax rate in Gillette, WY is 0.67%, slightly higher than the Wyoming state median of 0.65% but lower than the national median of 0.99%. With a median home value of $224,790, the typical annual property tax bill in Gillette is $1,606, which is below the national median of $2,690. Property taxes in Gillette are calculated based on the assessed value, often lower than the market value due to exemptions like those for primary residences and agricultural properties. Understanding the intricacies of Gillette's property tax system and exploring available exemptions can lead to significant annual savings. Whether you're in the heart of Gillette or another part of Campbell County, grasping the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Gillette, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,506
Ownwell’s Gillette Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gillette with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gillette 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 Gillette, Wyoming
Property taxes in Gillette, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gillette is 0.67%, which is lower than the U.S. national median of 0.99%. Local government entities within Gillette set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gillette 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 Gillette's effective property tax rate to other areas in Campbell County and the national median. For comparison, the zip code 82716 has the highest median property tax rate of 0.67%, while the zip code 82731 has the lowest median tax rate of 0.59%. Understanding how these areas compare with Gillette provides valuable insights into the varying tax landscape across Campbell County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gillette Tax Rate
0.67%
Average Campbell County Tax Rate
0.67%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gillette, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82716 | 0.59% | 0.67% | 0.67% | 0.67% | 0.77% |
| 82718 | 0.59% | 0.67% | 0.67% | 0.67% | 0.74% |
| 82731 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Gillette, Wyoming
In GILLETTE, 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 Campbell County Assessor 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 GILLETTE, 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 GILLETTE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill is $3,770 in the 82731 zip code, while the lowest is $1,461 in the 82716 zip code.
Average Gillette Assessed Value
$224,790
Average Campbell County Assessed Value
$220,988
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gillette, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82716 | $6,810 | $26,722 | $183,152 | $245,380 | $306,088 |
| 82718 | $20,244 | $184,058 | $257,330 | $346,467 | $463,231 |
| 82731 | $49,402 | $67,636 | $243,334 | $465,789 | $568,181 |
Source: Ownwell
Property Tax Bills Across Gillette, Wyoming
In Gillette, property tax bills are determined through a combination of the property's assessed value and the local tax rate. The assessed value is a percentage of the property's market value, which in Gillette is influenced by the median home price of $224,790. Tax bills in this city vary significantly, reflecting the diversity in property values and tax rates. For instance, the 25th percentile tax bill is around $1,185, while the 75th percentile tax bill reaches $2,047, and the 90th percentile tax bill goes up to $2,774. Homeowners in Campbell County, where Gillette is located, experience a range of tax burdens. The highest median tax bill in the area is $3,770, found in the 82731 zip code, whereas the lowest median tax bill is $1,461 in the 82716 zip code. These variations can significantly impact household budgets, making it essential for homeowners to understand their property assessments and the factors influencing their tax bills.
Average Gillette Tax Bill
$1,606
Average Campbell County Tax Bill
$1,601
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Gillette, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82716 | $422 | $1,063 | $1,461 | $1,792 | $2,323 |
| 82718 | $933 | $1,311 | $1,720 | $2,272 | $3,075 |
| 82731 | $3,770 | $3,770 | $3,770 | $3,770 | $3,770 |
Source: Ownwell