Jay Em, Wyoming Property Taxes
The median property tax rate in Jay Em, WY is 0.67%, slightly higher than the Wyoming state median of 0.65% but lower than the national median of 0.99%. With a median home value of $194,198, the typical annual property tax bill in Jay Em is $1,310, which is significantly below the national median of $2,690. Property taxes in Jay Em are calculated based on the assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Jay Em'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 Jay Em 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
Jay Em, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.67%
Estimate Property Tax Bill
$1,301
Ownwell’s Jay Em Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jay Em with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jay Em 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 Jay Em, Wyoming
Property taxes in Jay Em, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jay Em is 0.67%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Jay Em set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jay Em 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 Jay Em's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82219 zip code has the highest median property tax rate of 0.67%, while the 82219 zip code also has the lowest median tax rate of 0.67%. Understanding how these cities compare with Jay Em provides valuable insights into the varying tax landscape across Goshen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jay Em Tax Rate
0.67%
Average Goshen County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jay Em, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82219 | 0.61% | 0.66% | 0.67% | 0.67% | 0.67% |
Source: Ownwell
Property Tax Assessment Values Across Jay Em, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jay Em, WY. The market value represents 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 Goshen County Appraisal District 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. Assessment notices in Jay Em 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 Jay Em helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82219 in Jay Em has the highest and lowest median tax bill at $1,310.
Average Jay Em Assessed Value
$194,198
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 Jay Em, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82219 | $15,631 | $38,851 | $194,198 | $379,936 | $774,607 |
Source: Ownwell
Property Tax Bills Across Jay Em, Wyoming
In Jay Em, Goshen County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value typically reflects a percentage of the property's market value. For homeowners in Jay Em, the median home price is $194,198. Property tax rates in this area are relatively low compared to the national median property tax rate of 0.99%. The actual tax bill a homeowner receives can vary significantly. For instance, the 25th percentile tax bill is $209, while the 75th percentile tax bill reaches $2,613. At the 90th percentile, tax bills can go up to $5,728. These variations depend on factors such as property size, location, and any applicable exemptions or deductions. Understanding how these elements contribute to the overall tax bill is crucial for homeowners. It allows them to anticipate their annual expenses more accurately and take advantage of potential savings through exemptions.
Average Jay Em Tax Bill
$1,310
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Jay Em, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82219 | $102 | $209 | $1,310 | $2,613 | $5,728 |
Source: Ownwell