Lander, Fremont County, Wyoming Property Taxes
The median property tax rate in Lander, WY is 0.71%, which is notably lower than the national median of 0.99% but higher than the Wyoming state median of 0.65%. With the median home value in Lander, the typical annual property tax bill reaches $1,886, falling below the national median of $2,690. Property taxes in Lander 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 Lander'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 Lander 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
Lander, Fremont County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$1,893
$1,757
Ownwell’s Lander Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lander with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lander 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 Lander, Fremont County, Wyoming
Property taxes in Lander, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lander is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Lander set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lander 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 Lander's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82520 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these figures compare with Lander 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 Lander 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 Lander, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | 0.66% | 0.68% | 0.71% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Lander, Fremont County, Wyoming
In Lander, 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 Lander, 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 Lander helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Lander is $266,601, with the highest and lowest median tax bills both being $1,886 in the 82520 zip code.
Property Tax Assessment Values Across Lander, Fremont County, Wyoming
Source: Ownwell
$12,039
$146,183
$280,327
Average Lander Assessed Value
$266,601
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 Lander, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $22,845 | $123,556 | $266,601 | $376,602 | $535,320 |
Source: Ownwell
Property Tax Bills Across Lander, Fremont County, Wyoming
In Lander, Wyoming, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. For homeowners in Lander, the median home price stands at $266,601. The property tax rate in Fremont County, where Lander is located, influences the final tax bill. Several factors determine the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. For instance, homeowners in the 25th percentile of tax bills pay around $904, while those in the 75th percentile face bills up to $2,654. At the higher end, the 90th percentile sees tax bills reaching $3,718. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Lander's rates can significantly impact homeowners, particularly those with higher-value properties. Understanding these factors can help residents anticipate their financial obligations and plan accordingly.
Average Lander Tax Bill
$1,886
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Lander, Fremont County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82520 | $259 | $904 | $1,886 | $2,654 | $3,718 |
Source: Ownwell