Jeffrey City, Wyoming Property Taxes
The median property tax rate in Jeffrey City, WY is 0.74%, which is lower than the national median of 0.99% but higher than the Wyoming state median of 0.65%. With a median home value of $18,468 in Jeffrey City, the typical annual property tax bill is $137, significantly below the national median of $2,690. Property taxes in Jeffrey City 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 Jeffrey 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 Jeffrey City or another part of Fremont County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jeffrey City, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.74%
Estimate Property Tax Bill
$137
Ownwell’s Jeffrey City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jeffrey City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jeffrey 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 Jeffrey City, Wyoming
Property taxes in Jeffrey City, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jeffrey City is 0.74%, which is lower than the U.S. national median of 0.99%. Local government entities within Jeffrey City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jeffrey 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 Jeffrey City's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82310 has both the highest and lowest median property tax rate of 0.74%. Understanding how these cities compare with Jeffrey 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 Jeffrey City Tax Rate
0.74%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jeffrey City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82310 | 0.66% | 0.68% | 0.74% | 0.76% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Jeffrey City, Wyoming
In Jeffrey 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 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 Jeffrey 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 Jeffrey City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82310 in Jeffrey City has the highest and lowest median tax bill, both at $137.
Average Jeffrey City Assessed Value
$18,468
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 Jeffrey City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82310 | $1,262 | $6,634 | $18,468 | $66,355 | $246,923 |
Source: Ownwell
Property Tax Bills Across Jeffrey City, Wyoming
In Jeffrey City, located in Fremont County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. Homeowners in this area experience a range of tax bills, influenced by factors such as the home's assessed value and the applicable tax rate. The median home price in Jeffrey City is $18,468, and tax bills can vary significantly. For example, the 25th percentile tax bill is $41, while the 75th percentile tax bill reaches $502. At the 90th percentile, homeowners might pay up to $1,679 in property taxes. To determine the tax bill, the assessed value is multiplied by the local tax rate. This process ensures that properties are taxed fairly based on their value. Although the highest and lowest median tax bills in Jeffrey City are both $137, individual circumstances can lead to variations. Compared to the national median property tax rate of 0.99%, Jeffrey City's tax rates can offer a more affordable option for homeowners, impacting their overall financial planning and cost of living.
Average Jeffrey City Tax Bill
$137
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Jeffrey City, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82310 | $6 | $41 | $137 | $502 | $1,679 |
Source: Ownwell