Douglas, Converse County, Wyoming Property Taxes
The median property tax rate in Douglas, WY is 0.53%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Douglas at $212,639, the typical annual property tax bill reaches $1,150, which is below the national median of $2,690. Property taxes in Douglas 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 Douglas'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 Douglas 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
Douglas, Converse County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$1,127
$1,046
Ownwell’s Douglas Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Douglas with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Douglas 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 Douglas, Converse County, Wyoming
Property taxes in Douglas, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Douglas is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Douglas set these rates annually, and they can vary across different neighborhoods. Each year, Douglas 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 Douglas's effective property tax rate to other areas in Wyoming and the national median. For comparison, 82637 has the highest median property tax rate of 0.84%, while 82633 has the lowest median tax rate of 0.53%. Understanding how these areas compare with Douglas provides valuable insights into the varying tax landscape across Converse County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Douglas Tax Rate
0.53%
Average Converse County Tax Rate
0.55%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Douglas, Converse County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | 0.46% | 0.49% | 0.53% | 0.56% | 0.59% |
| 82637 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Douglas, Converse County, Wyoming
In Douglas, 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 Converse 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. Assessment notices in Douglas 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 Douglas helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Douglas are both $1,150, found in zip code 82633.
Property Tax Assessment Values Across Douglas, Converse County, Wyoming
Source: Ownwell
$11,051
$175,279
$339,507
Average Douglas Assessed Value
$212,639
Average Converse County Assessed Value
$211,678
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Douglas, Converse County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $14,363 | $85,820 | $212,656 | $308,839 | $457,390 |
| 82637 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Douglas, Converse County, Wyoming
In Douglas, located in Converse County, WY, property tax bills are calculated based on the assessed value of the property. The assessed value is a percentage of the market value, determined by local assessors. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For example, with a median home price of $212,639, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $431, while at the 75th percentile, it rises to $1,659. Those in the 90th percentile face tax bills as high as $2,326. Several factors influence the final tax bill, including property location, improvements, and local government budgets. These taxes fund essential services like schools, public safety, and infrastructure. Homeowners in Douglas benefit from a relatively low property tax rate compared to the national median of 0.99%. However, understanding these calculations can help them better manage their finances and anticipate annual expenses.
Average Douglas Tax Bill
$1,150
Average Converse County Tax Bill
$1,193
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Douglas, Converse County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82633 | $70 | $431 | $1,150 | $1,659 | $2,327 |
| 82637 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell