Goshen County, Wyoming Property Taxes
The median property tax rate in Goshen County is 0.70%, which is notably lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With the median home value in Goshen County, the typical annual property tax bill reaches $1,078, which is considerably lower than the national median of $2,690. Property taxes in Goshen County are calculated based on the tax assessed value, which typically falls below the actual market value due to various property tax exemptions such as primary residence and agricultural exemptions. Understanding Goshen County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Torrington or another part of Goshen County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Goshen County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,084
$1,006
Ownwell’s Goshen County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Goshen County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Goshen County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property’s assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Goshen County, Wyoming
Property taxes in Goshen County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Goshen County is 0.70%, which is lower than the U.S. national median of 0.99%. Local government entities within Goshen County set these rates annually, and they can vary significantly between different areas within the county. Each year, Goshen County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Goshen County's effective property tax rate with other regions in Wyoming and the national median. For comparison, the city of Torrington has one of the higher property tax rates in Wyoming at 0.72%, while the city of Lusk boasts one of the lowest at 0.64%. Analyzing how Goshen County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Goshen County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Goshen County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chugwater | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| Fort Laramie | 0.63% | 0.67% | 0.69% | 0.73% | 0.73% |
| Hawk Springs | 0.63% | 0.67% | 0.67% | 0.74% | 0.74% |
| Huntley | N/A | N/A | N/A | N/A | N/A |
| Jay Em | 0.61% | 0.66% | 0.67% | 0.67% | 0.67% |
| Lagrange | 0.62% | 0.67% | 0.69% | 0.73% | 0.73% |
| Lingle | 0.62% | 0.67% | 0.67% | 0.72% | 0.72% |
| Lusk | N/A | N/A | N/A | N/A | N/A |
| Torrington | 0.63% | 0.67% | 0.72% | 0.72% | 0.73% |
| Van Tassell | N/A | N/A | N/A | N/A | N/A |
| Veteran | 0.63% | 0.67% | 0.67% | 0.67% | 0.67% |
| Yoder | 0.63% | 0.67% | 0.67% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Goshen County, Wyoming
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Goshen County, Wyoming. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Goshen County Appraisal District. The assessed value, however, 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. Assessment notices in Goshen County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Van Tassell has the highest median tax bill at $1,900, while Huntley has the lowest at $203. Being aware of these valuation processes in Goshen County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Average Goshen County Assessed Value
$154,898
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Goshen County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chugwater | $29,783 | $110,905 | $187,815 | $338,659 | $576,293 |
| Fort Laramie | $8,363 | $24,314 | $91,448 | $242,706 | $444,554 |
| Hawk Springs | $12,760 | $71,608 | $174,982 | $365,896 | $514,558 |
| Huntley | N/A | N/A | N/A | N/A | N/A |
| Jay Em | $15,631 | $38,851 | $194,198 | $379,936 | $774,607 |
| Lagrange | $8,952 | $25,842 | $98,491 | $234,435 | $852,879 |
| Lingle | $25,387 | $79,739 | $166,126 | $290,240 | $510,330 |
| Lusk | N/A | N/A | N/A | N/A | N/A |
| Torrington | $13,734 | $75,588 | $159,200 | $262,328 | $400,311 |
| Van Tassell | N/A | N/A | N/A | N/A | N/A |
| Veteran | $13,416 | $54,495 | $248,412 | $478,488 | $651,145 |
| Yoder | $10,600 | $22,472 | $116,208 | $302,126 | $549,036 |
Source: Ownwell
Property Tax Bills Across Goshen County, Wyoming
In Goshen County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessment ratio in Wyoming is typically 9.5% of the market value. For a median home price of $154,898, the assessed value would be approximately $14,715. This assessed value is then multiplied by the local property tax rate to determine the tax bill. Factors such as the property's location within the county can significantly impact the tax bill. For example, homeowners in Van Tassell face the highest median tax bill at $1,900, while those in Huntley see the lowest at $203. The variability in tax bills is also evident when considering different percentiles; the 25th percentile tax bill is $448, while the 75th percentile reaches $1,844, and the 90th percentile climbs to $2,956. These differences illustrate how local tax rates and assessed values combine to affect homeowners across the county.
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Goshen County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chugwater | $182 | $767 | $1,299 | $2,342 | $3,986 |
| Fort Laramie | $56 | $177 | $628 | $1,660 | $3,008 |
| Hawk Springs | $95 | $481 | $1,197 | $2,467 | $3,543 |
| Huntley | N/A | N/A | N/A | N/A | N/A |
| Jay Em | $102 | $209 | $1,310 | $2,613 | $5,728 |
| Lagrange | $66 | $160 | $665 | $1,616 | $5,730 |
| Lingle | $171 | $517 | $1,135 | $1,954 | $3,281 |
| Lusk | N/A | N/A | N/A | N/A | N/A |
| Torrington | $95 | $520 | $1,113 | $1,820 | $2,710 |
| Van Tassell | N/A | N/A | N/A | N/A | N/A |
| Veteran | $83 | $354 | $1,448 | $3,196 | $4,349 |
| Yoder | $75 | $145 | $815 | $2,026 | $3,629 |
Source: Ownwell