Kinnear, Wyoming Property Taxes
The median property tax rate in Kinnear, WY is 0.71%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $72,328 in Kinnear, the typical annual property tax bill amounts to $647, which is significantly below the national median of $2,690. Property taxes in Kinnear are calculated based on the assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Navigating Kinnear'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 Kinnear or another part of Fremont County, understanding the local property tax system is advantageous for both homeowners and real estate investors.
Last Updated June 14, 2024
Kinnear, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$514
Ownwell’s Kinnear Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kinnear with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kinnear 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 Kinnear, Wyoming
Property taxes in Kinnear, Wyoming, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Kinnear is 0.71%, significantly lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Kinnear set these rates annually, and they can vary across different neighborhoods. Each year, Kinnear 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 Kinnear's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82516 has both the highest and lowest median property tax rate of 0.71%. Understanding how these areas compare with Kinnear 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 Kinnear Tax Rate
0.71%
Average Fremont County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kinnear, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82516 | 0.69% | 0.69% | 0.71% | 0.71% | 0.71% |
Source: Ownwell
Property Tax Assessment Values Across Kinnear, Wyoming
In Kinnear, 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 Kinnear, 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 Kinnear helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Fremont County, the median home price is $72,328, with tax bills ranging from $131 at the 25th percentile to $3,034 at the 90th percentile. The highest and lowest median tax bill is $647 in the 82516 zip code.
Average Kinnear Assessed Value
$72,328
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 Kinnear, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82516 | $6,844 | $16,366 | $72,328 | $286,320 | $425,332 |
Source: Ownwell
Property Tax Bills Across Kinnear, Wyoming
In Kinnear, Fremont County, WY, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Kinnear can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $131 and the 75th percentile reaching $2,076. At the higher end, the 90th percentile tax bill can be as much as $3,034. Factors such as property size, location, and market conditions play a crucial role in determining the assessed value. The local tax rate, which is applied to the assessed value, further influences the final tax bill. Homeowners in Kinnear face a median property tax bill of $647, which is relatively low compared to the national median property tax rate of 0.99%. This lower tax burden can make homeownership more affordable, but it's essential for homeowners to stay informed about their assessed values and any potential changes in local tax rates.
Average Kinnear Tax Bill
$647
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Kinnear, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82516 | $51 | $131 | $647 | $2,076 | $3,034 |
Source: Ownwell