Rock River, Carbon County, Wyoming Property Taxes
The median property tax rate in Rock River, WY, is 0.49%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Rock River, the typical annual property tax bill amounts to $427, which is well below the national median of $2,690. Property taxes in Rock River are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Rock River's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rock River 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
Rock River, Carbon County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$427
$397
Ownwell’s Rock River Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Rock River with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Rock River to project your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, scroll down for more localized information. Your property’s assessed value is the value assigned by Carbon County for property tax calculations, accounting for any applicable exemptions.
Property Tax Rates Across Rock River, Carbon County, Wyoming
Property taxes in Rock River, Wyoming, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Rock River is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within Rock River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rock River 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 Rock River's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82083 zip code has both the highest and lowest median property tax rate of 0.49%. Understanding how these cities compare with Rock River provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rock River Tax Rate
0.49%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rock River, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82083 | 0.38% | 0.46% | 0.49% | 0.50% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Rock River, Carbon County, Wyoming
In Rock River, 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 Carbon 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 Rock River, 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 Rock River is $87,203. The tax bills can vary significantly, with the 25th percentile tax bill being $262 and the 75th percentile tax bill reaching $725. The highest and lowest median tax bills are both recorded at $427 in the zip code 82083. By understanding 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 Rock River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rock River, Carbon County, Wyoming
Source: Ownwell
$39,732
$139,843
$239,953
Average Rock River Assessed Value
$87,203
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 Rock River, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82083 | $32,914 | $55,727 | $87,203 | $143,821 | $273,037 |
Source: Ownwell
Property Tax Bills Across Rock River, Carbon County, Wyoming
In Rock River, property tax bills are calculated based on the assessed value of a home, not its market value. The assessed value is determined by the local tax assessor and represents a percentage of the market value. For homeowners in Rock River, the median home price stands at $87,203. Property tax rates in this region are influenced by various factors, including local government budgets and public service funding requirements. The tax bill can vary significantly; for instance, homeowners at the 25th percentile pay around $262, while those at the 75th percentile see bills closer to $725. At the 90th percentile, the tax bill can reach up to $1,445. These differences highlight how individual property characteristics and local assessments impact tax obligations. The highest median tax bill recorded in the area is $427, which is relatively modest compared to the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their financial responsibilities and budget accordingly.
Average Rock River Tax Bill
$427
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Rock River, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82083 | $145 | $262 | $427 | $725 | $1,445 |
Source: Ownwell