Hudson, Wyoming Property Taxes
The median property tax rate in Hudson, Wyoming is 0.73%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $55,946 in Hudson, the typical annual property tax bill reaches $401, which is significantly below the national median of $2,690. Property taxes in Hudson 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 Hudson'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 Hudson 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
Hudson, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.73%
Estimate Property Tax Bill
$408
Ownwell’s Hudson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hudson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hudson 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 Hudson, Wyoming
Property taxes in Hudson, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hudson is 0.61%, lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Hudson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hudson 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 Hudson's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82515 zip code has the highest median property tax rate of 0.73%, while the same zip code also has the lowest median tax rate of 0.73%. Understanding how these cities compare with Hudson 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 Hudson Tax Rate
0.73%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hudson, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82515 | 0.68% | 0.71% | 0.73% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Hudson, Wyoming
In Hudson, 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 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 Hudson, 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. The median home price in Hudson is $55,946, with property tax bills ranging from $150 at the 25th percentile to $1,706 at the 90th percentile. The highest and lowest median tax bills are both $401, occurring in the 82515 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hudson Assessed Value
$55,946
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 Hudson, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82515 | $12,267 | $20,186 | $55,946 | $158,212 | $236,479 |
Source: Ownwell
Property Tax Bills Across Hudson, Wyoming
In Hudson, property tax bills are calculated based on the assessed value of a home, which is determined by the Fremont County Assessor's Office. This assessed value is a percentage of the market value of the property. The property tax rate in Hudson is applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Hudson can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is approximately $150, while the 75th percentile reaches around $1,115, and the 90th percentile can be as high as $1,706. Comparatively, Hudson's property tax rates can be both a burden and a benefit. They are below the national median property tax rate of 0.99%, which can ease the financial load for homeowners. However, the variability in tax bills means that some homeowners may still face relatively high costs, impacting their overall financial planning and housing affordability.
Average Hudson Tax Bill
$401
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Hudson, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82515 | $95 | $150 | $401 | $1,115 | $1,706 |
Source: Ownwell