Rawlins, Wyoming Property Taxes
The median property tax rate in Rawlins, WY is 0.68%, slightly higher than the state median of 0.65% but still below the national median of 0.99%. With a median home value of $38,142, the typical annual property tax bill in Rawlins is around $253, significantly lower than the national median of $2,690. Property taxes in Rawlins are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Rawlins' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rawlins 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
Rawlins, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.68%
Estimate Property Tax Bill
$259
Ownwell’s Rawlins Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rawlins with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rawlins 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 Rawlins, Wyoming
Property taxes in Rawlins, Wyoming, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Rawlins is 0.68%, lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Rawlins set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rawlins 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 Rawlins's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82301 zip code has both the highest and lowest median property tax rate of 0.68%. Understanding how these cities compare with Rawlins provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rawlins 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 Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | 0.66% | 0.66% | 0.68% | 0.70% | 0.76% |
Source: Ownwell
Property Tax Assessment Values Across Rawlins, Wyoming
In Rawlins, 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 Rawlins, 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 Rawlins helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Rawlins is $253.00 in zip code 82301, while the lowest median tax bill is also $253.00 in the same zip code.
Average Rawlins Assessed Value
$38,142
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 Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | $3,776 | $11,206 | $38,142 | $174,870 | $251,682 |
Source: Ownwell
Property Tax Bills Across Rawlins, Wyoming
In Rawlins, property tax bills are calculated based on the assessed value of your home, which is determined by the Fremont County Assessor's Office. The assessed value is a percentage of the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the size, location, and condition of the property. In Rawlins, the median home price is $38,142. Homeowners in the 25th percentile can expect a tax bill around $93, while those in the 75th percentile may see bills up to $1,214. For the top 10% of homeowners, tax bills can reach $1,711. Comparatively, the highest and lowest median tax bills in the area are both $253, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Rawlins Tax Bill
$253
Average Fremont County Tax Bill
$1,362
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Rawlins, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82301 | $18 | $93 | $253 | $1,214 | $1,711 |
Source: Ownwell