Recluse, Wyoming Property Taxes
The median property tax rate in Recluse, 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 Recluse, the typical annual property tax bill reaches $1,161, significantly below the national median of $2,690. Property taxes in Recluse 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 Recluse'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 Recluse or another part of Campbell County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Recluse, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$577
Ownwell’s Recluse Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Recluse with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Recluse to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Recluse, Wyoming
Property taxes in Recluse, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Recluse is 0.59%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Recluse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Recluse 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 Recluse's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82725 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 Recluse 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 Recluse Tax Rate
0.59%
Average Campbell County Tax Rate
0.67%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Recluse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82725 | 0.59% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Recluse, Wyoming
In Recluse, 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's Office 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 Recluse, 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 Recluse helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the zip code 82725 has the highest and lowest median tax bill at $1,161, highlighting the importance of understanding your specific situation.
Average Recluse Assessed Value
$97,825
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 Recluse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82725 | $3,512 | $10,479 | $97,825 | $255,351 | $391,346 |
Source: Ownwell
Property Tax Bills Across Recluse, Wyoming
In Recluse, located in Campbell County, WY, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Recluse typically experience a range of property tax bills. For instance, the 25th percentile tax bill is around $612, while the 75th percentile tax bill is approximately $1,779. At the higher end, the 90th percentile tax bill reaches up to $2,311. Comparatively, the national median property tax rate is 0.99%, making Recluse's property tax rates relatively moderate. The median home price in Recluse is $97,825, which influences the overall tax bill. Factors such as property type, location, and market trends also play a significant role in determining the assessed value. For homeowners, understanding these factors is crucial as they directly impact the annual property tax bill, affecting household budgets and long-term financial planning.
Average Recluse Tax Bill
$1,161
Average Campbell County Tax Bill
$1,601
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Recluse, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82725 | $432 | $612 | $1,161 | $1,779 | $2,311 |
Source: Ownwell