Atlantic City, Fremont County, Wyoming Property Taxes
The median property tax rate in Atlantic City, WY is 0.68%, slightly higher than the Wyoming state median of 0.65% but lower than the national median of 0.99%. With a median home value of $142,723 in Atlantic City, the typical annual property tax bill amounts to $944, significantly below the national median of $2,690. Property taxes in Atlantic City are calculated based on the tax assessed value, which is often less than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Atlantic City'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 Atlantic City or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Atlantic City, Fremont County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$971
$901
Ownwell’s Atlantic City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Atlantic City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Atlantic City 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 Atlantic City, Fremont County, Wyoming
Property taxes in Atlantic City, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Atlantic City is 0.68%, which is lower than the U.S. national median of 0.99%. Local government entities within Atlantic City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Atlantic City 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 Atlantic City's effective property tax rate to other areas in Fremont County and the national median. For comparison, the 82520 zip code has the highest median property tax rate of 0.68%, while the same zip code also has the lowest median tax rate of 0.68%. Understanding how these areas compare with Atlantic City provides valuable insights into the varying tax landscape across Fremont County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Atlantic City Tax Rate
0.68%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Atlantic City, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | 0.66% | 0.68% | 0.68% | 0.68% | 0.68% |
Source: Ownwell
Property Tax Assessment Values Across Atlantic City, Fremont County, Wyoming
In Atlantic City, 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 Fremont 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 Atlantic City, 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 Atlantic City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the zip code 82520 has the highest median tax bill at $944, while the lowest median tax bill is also $944 in the same zip code.
Property Tax Assessment Values Across Atlantic City, Fremont County, Wyoming
Source: Ownwell
$12,039
$146,183
$280,327
Average Atlantic City Assessed Value
$142,723
Average Fremont County Assessed Value
$184,535
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Atlantic City, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $12,700 | $56,651 | $142,723 | $236,945 | $347,907 |
Source: Ownwell
Property Tax Bills Across Atlantic City, Fremont County, Wyoming
Property tax bills in Atlantic City, located in Fremont County, WY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value. Homeowners in this region can expect a median home price of $142,723. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including the property's assessed value, local levies, and any applicable exemptions. In Atlantic City, property tax bills can vary significantly. For example, the 25th percentile of tax bills is around $385, while the 75th percentile reaches up to $1,545. The 90th percentile can be as high as $2,365. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Atlantic City's tax bills reflect the unique economic and property value conditions of the area.
Average Atlantic City Tax Bill
$944
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Atlantic City, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $86 | $385 | $944 | $1,545 | $2,365 |
Source: Ownwell