Sinclair, Carbon County, Wyoming Property Taxes
The median property tax rate in Sinclair, WY is 0.62%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Sinclair at $106,222, the typical annual property tax bill reaches $711, significantly below the national median of $2,690. Property taxes in Sinclair 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 Sinclair'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 Sinclair 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
Sinclair, Carbon County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.62%
Estimate Property Tax Bill
$659
$611
Ownwell’s Sinclair Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sinclair with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sinclair 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 Sinclair, Carbon County, Wyoming
Property taxes in Sinclair, Wyoming, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sinclair is 0.62%, which is lower than the U.S. national median of 0.99%. Local government entities within Sinclair set these rates annually, and they can vary across different neighborhoods. Each year, Sinclair 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 Sinclair's effective property tax rate to other areas in Carbon County and the national median. For comparison, the zip code 82334 has the highest median property tax rate of 0.62%, while the same zip code also has the lowest median tax rate of 0.62%. Understanding how these areas compare with Sinclair 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 Sinclair Tax Rate
0.62%
Average Carbon County Tax Rate
0.58%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sinclair, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82334 | 0.51% | 0.54% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Sinclair, Carbon County, Wyoming
In Sinclair, 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 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 Sinclair, 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 Sinclair helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82334 in Sinclair has the highest median tax bill at $711, which is also the lowest, reflecting the uniformity in property tax assessments in the area.
Property Tax Assessment Values Across Sinclair, Carbon County, Wyoming
Source: Ownwell
$39,732
$139,843
$239,953
Average Sinclair Assessed Value
$106,222
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 Sinclair, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82334 | $16,064 | $42,348 | $106,222 | $191,420 | $247,550 |
Source: Ownwell
Property Tax Bills Across Sinclair, Carbon County, Wyoming
In Sinclair, Carbon County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. For homeowners in Sinclair, the median home price is $106,222. Property tax rates in the area are applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's location, any applicable exemptions, and the specific tax rate set by local authorities. In Sinclair, the tax bill at the 25th percentile is $360, while at the 75th percentile, it reaches $1,191. The 90th percentile tax bill is $1,525, indicating a range of tax burdens depending on property values and exemptions. Homeowners in Sinclair experience property tax bills that can vary significantly, impacting their annual financial planning. Compared to the national median property tax rate of 0.99%, Sinclair's rates reflect the local economic conditions and property values, providing a unique tax landscape for residents.
Average Sinclair Tax Bill
$711
Average Carbon County Tax Bill
$819
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Sinclair, Carbon County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82334 | $86 | $360 | $711 | $1,191 | $1,525 |
Source: Ownwell