Sundance, Wyoming Property Taxes
The median property tax rate in Sundance, WY is 0.56%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Sundance at $218,170, the typical annual property tax bill is $1,174, which is well below the national median of $2,690. Property taxes in Sundance are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sundance'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 Sundance 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
Sundance, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.56%
Estimate Property Tax Bill
$1,222
$1,134
Ownwell’s Sundance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sundance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sundance 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 Sundance, Wyoming
Property taxes in Sundance, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sundance is 0.56%, which is lower than the U.S. national median of 0.99%. Local government entities within Sundance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sundance 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 Sundance's effective property tax rate to other areas in Crook County and the national median. For comparison, the zip code 82721 has the highest median property tax rate of 0.88%, while zip code 82729 has the lowest median tax rate of 0.56%. Understanding how these areas compare with Sundance provides valuable insights into the varying tax landscape across Crook County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sundance Tax Rate
0.56%
Average Crook County Tax Rate
0.54%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | 0.88% | 0.88% | 0.88% | 0.88% | 0.88% |
| 82729 | 0.48% | 0.52% | 0.56% | 0.58% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Sundance, Wyoming
In Sundance, 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 Crook 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 Sundance, 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. The highest median tax bill in Crook County is $1,175 in the 82729 zip code, while the lowest median tax bill is $798 in the 82721 zip code. Being aware of these valuation processes in Sundance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sundance Assessed Value
$218,170
Average Crook County Assessed Value
$198,902
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | $90,736 | $90,736 | $90,736 | $90,736 | $90,736 |
| 82729 | $25,595 | $92,938 | $218,235 | $338,042 | $517,556 |
Source: Ownwell
Property Tax Bills Across Sundance, Wyoming
In Sundance, property tax bills are calculated based on the assessed value of a home, which is determined by the Crook County Assessor's Office. The assessed value is a percentage of the property's market value. For homeowners in Sundance, the median home price is $218,170. Property tax rates in this region can vary, but the median tax bill provides a general idea of what to expect. Factors such as the property's location within specific zip codes can influence the tax bill. For instance, the highest median tax bill in the area is $1,175 in the 82729 zip code, while the lowest is $798 in the 82721 zip code. Homeowners in the 25th percentile can expect a tax bill around $505, whereas those in the 75th percentile might see a bill closer to $1,848. At the 90th percentile, tax bills can reach up to $2,687. These property taxes fund essential public services like schools, infrastructure, and emergency services, impacting the overall community well-being.
Average Sundance Tax Bill
$1,174
Average Crook County Tax Bill
$1,086
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82721 | $798 | $798 | $798 | $798 | $798 |
| 82729 | $131 | $505 | $1,175 | $1,849 | $2,687 |
Source: Ownwell