Carbon County, Wyoming Property Taxes
The median property tax rate in Carbon County is 0.58%, which is notably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Carbon County at $141,657, the typical annual property tax bill is approximately $819, far below the national median of $2,690. Property taxes in Carbon County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions such as the primary residence and agricultural exemptions. Understanding Carbon County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Rawlins or another part of Carbon County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Carbon County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$822
$762
Ownwell’s Carbon County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Carbon County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Carbon County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Carbon County, Wyoming
Property taxes in Carbon County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Carbon County is 0.58%, which is lower than the U.S. national median of 0.99%. Local government entities within Carbon County set these rates annually, and they can vary significantly between different areas within the county. Each year, Carbon County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Carbon County's effective property tax rate with other counties in Wyoming and the national median. For comparison, the city of Dixon has one of the higher property tax rates in Wyoming at 0.67%, while the city of Riverside boasts one of the lowest at 0.47%. Analyzing how Carbon County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carbon County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | 0.44% | 0.47% | 0.49% | 0.51% | 0.54% |
| Baggs | 0.58% | 0.62% | 0.64% | 0.68% | 0.71% |
| Casper | N/A | N/A | N/A | N/A | N/A |
| Dixon | 0.60% | 0.64% | 0.67% | 0.72% | 0.76% |
| Elk Mountain | 0.47% | 0.51% | 0.53% | 0.57% | 0.58% |
| Encampment | 0.37% | 0.44% | 0.47% | 0.52% | 0.58% |
| Hanna | 0.47% | 0.49% | 0.50% | 0.52% | 0.53% |
| Mcfadden | 0.39% | 0.45% | 0.47% | 0.47% | 0.49% |
| Medicine Bow | 0.52% | 0.55% | 0.57% | 0.61% | 0.62% |
| Rawlins | 0.57% | 0.59% | 0.61% | 0.62% | 0.64% |
| Riverside | 0.37% | 0.46% | 0.47% | 0.48% | 0.54% |
| Rock River | 0.38% | 0.46% | 0.49% | 0.50% | 0.52% |
| Ryan Park | 0.21% | 0.33% | 0.36% | 0.40% | 0.41% |
| Saratoga | 0.42% | 0.48% | 0.53% | 0.56% | 0.61% |
| Savery | 0.52% | 0.59% | 0.61% | 0.66% | 0.72% |
| Shirley Basin | N/A | N/A | N/A | N/A | N/A |
| Sinclair | 0.51% | 0.54% | 0.62% | 0.62% | 0.62% |
| Walcott | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Carbon County, Wyoming
In Carbon County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Carbon County Appraisal District. The assessed value, however, 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. Assessment notices in Carbon County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Carbon County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Shirley Basin has the highest median tax bill at $1,761, while Medicine Bow has the lowest at $242.
Average Carbon County Assessed Value
$141,657
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Carbon County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $31,212 | $44,644 | $83,613 | $114,146 | $134,736 |
| Baggs | $9,775 | $17,030 | $59,042 | $193,466 | $299,778 |
| Casper | N/A | N/A | N/A | N/A | N/A |
| Dixon | $10,597 | $17,829 | $39,732 | $184,026 | $333,744 |
| Elk Mountain | $19,532 | $47,812 | $137,883 | $219,538 | $348,406 |
| Encampment | $11,721 | $42,173 | $140,980 | $273,328 | $395,179 |
| Hanna | $6,318 | $14,354 | $59,048 | $113,054 | $140,935 |
| Mcfadden | $31,338 | $58,166 | $82,909 | $118,057 | $140,386 |
| Medicine Bow | $8,964 | $16,558 | $40,300 | $97,882 | $136,283 |
| Rawlins | $17,742 | $74,666 | $158,676 | $240,055 | $317,113 |
| Riverside | $9,314 | $27,635 | $153,753 | $283,486 | $341,456 |
| Rock River | $32,914 | $55,727 | $87,203 | $143,821 | $273,037 |
| Ryan Park | $86,504 | $106,754 | $193,059 | $286,602 | $360,652 |
| Saratoga | $21,227 | $105,183 | $239,953 | $344,906 | $507,852 |
| Savery | $20,919 | $96,065 | $146,376 | $264,503 | $401,335 |
| Shirley Basin | N/A | N/A | N/A | N/A | N/A |
| Sinclair | $16,064 | $42,348 | $106,222 | $191,420 | $247,550 |
| Walcott | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Carbon County, Wyoming
In Carbon County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $141,657. Local tax rates are then applied to this assessed value to determine the annual tax bill. Factors such as property location and the specific tax rate of the area play significant roles in the final amount. For instance, homeowners in Shirley Basin face the highest median tax bill at $1,761, whereas those in Medicine Bow have the lowest at $242. This disparity illustrates how location within the county can significantly impact tax obligations. The tax bill can vary widely, with the 25th percentile at $278 and the 75th percentile at $1,420. For homeowners, understanding these factors is crucial as property taxes can influence overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Carbon County offers a range of tax bills, reflecting its diverse valuation landscape.
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Carbon County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arlington | $152 | $230 | $364 | $575 | $666 |
| Baggs | $60 | $109 | $401 | $1,299 | $2,015 |
| Casper | N/A | N/A | N/A | N/A | N/A |
| Dixon | $69 | $115 | $259 | $1,456 | $2,506 |
| Elk Mountain | $100 | $258 | $694 | $1,184 | $1,971 |
| Encampment | $65 | $200 | $673 | $1,276 | $1,931 |
| Hanna | $31 | $76 | $293 | $552 | $695 |
| Mcfadden | $128 | $214 | $398 | $555 | $590 |
| Medicine Bow | $50 | $92 | $242 | $526 | $806 |
| Rawlins | $112 | $506 | $973 | $1,447 | $1,905 |
| Riverside | $58 | $190 | $647 | $1,335 | $1,828 |
| Rock River | $145 | $262 | $427 | $725 | $1,445 |
| Ryan Park | $188 | $302 | $636 | $1,038 | $1,413 |
| Saratoga | $112 | $510 | $1,250 | $1,846 | $2,789 |
| Savery | $133 | $552 | $940 | $1,755 | $2,850 |
| Shirley Basin | N/A | N/A | N/A | N/A | N/A |
| Sinclair | $86 | $360 | $711 | $1,191 | $1,525 |
| Walcott | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell