Lagrange, Wyoming Property Taxes
The median property tax rate in Lagrange, Wyoming is 0.69%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With the median home value in Lagrange at $98,491, the typical annual property tax bill is $665, which is significantly below the national median of $2,690. Property taxes in Lagrange are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lagrange'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 Lagrange 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
Lagrange, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$680
Ownwell’s Lagrange Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lagrange with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lagrange 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 Lagrange, Wyoming
Property taxes in Lagrange, Wyoming, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lagrange is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Lagrange set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lagrange 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 Lagrange's effective property tax rate to other areas in Goshen County and the national median. For comparison, the zip code 82221 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Lagrange 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 Lagrange Tax Rate
0.69%
Average Goshen County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lagrange, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82221 | 0.62% | 0.67% | 0.69% | 0.73% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Lagrange, Wyoming
In LAGRANGE, 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 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. In LAGRANGE, 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 LAGRANGE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Goshen County is $665.00 in the 82221 zip code, which also has the lowest median tax bill at $665.00. This highlights the importance of understanding property valuations to manage your taxes effectively.
Average Lagrange Assessed Value
$98,491
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 Lagrange, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82221 | $8,952 | $25,842 | $98,491 | $234,435 | $852,879 |
Source: Ownwell
Property Tax Bills Across Lagrange, Wyoming
Property tax bills in LaGrange, Goshen County, WY, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property’s market value. In LaGrange, the median home price is $98,491. The local tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including property size, location, and market conditions. For instance, homeowners in the 25th percentile can expect a tax bill around $160, while those in the 75th percentile might see bills up to $1,616. At the 90th percentile, tax bills can reach as high as $5,730. These variations highlight the impact of property characteristics and market value on tax obligations. Compared to the national median property tax rate of 0.99%, LaGrange’s property taxes can be quite variable, affecting homeowners differently based on their property’s assessed value and specific characteristics.
Average Lagrange Tax Bill
$665
Average Goshen County Tax Bill
$1,078
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Lagrange, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82221 | $66 | $160 | $665 | $1,616 | $5,730 |
Source: Ownwell