Johnson County, Wyoming Property Taxes
The median property tax rate in Johnson County is 0.66%, which is 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 $283,784, the typical annual property tax bill in Johnson County amounts to $1,949, significantly below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often less than the actual market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Johnson County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can lead to substantial annual savings. Whether you reside in Buffalo or another part of Johnson County, gaining a comprehensive understanding of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Johnson County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,873
$1,738
Ownwell’s Johnson County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Johnson County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Johnson 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 assessed value is the value assigned to your property by your county for property tax calculations. The assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Johnson County, Wyoming
Property taxes in Johnson County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Johnson County is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Johnson County set these rates annually, and they can vary significantly between different areas within the county. Each year, Johnson 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 Johnson County's effective property tax rate with other areas and the national median. For comparison, the city of Linch has one of the higher property tax rates in the region at 0.66%, while the city of Banner boasts one of the lowest at 0.65%. Analyzing how Johnson County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Johnson County Tax Rate
0.66%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Johnson County, Wyoming
In Johnson County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. 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 Johnson 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 Johnson 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 example, the highest median tax bill in the county is $2,909 in Banner, while the lowest is $158 in Midwest. Being aware of these valuation processes in Johnson County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Johnson County, Wyoming
Source: Ownwell
$158,375
$312,504
$466,632
Average Johnson County Assessed Value
$283,784
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Johnson County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Arvada | $36,069 | $175,869 | $375,079 | $556,293 | $920,419 |
| Banner | $221,168 | $372,988 | $466,632 | $638,631 | $1,091,545 |
| Buffalo | $53,404 | $167,358 | $289,985 | $431,227 | $615,064 |
| Clearmont | N/A | N/A | N/A | N/A | N/A |
| Kaycee | $14,288 | $58,530 | $167,089 | $396,624 | $829,284 |
| Linch | $11,860 | $31,239 | $158,375 | $398,758 | $773,560 |
| Midwest | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Johnson County, Wyoming
In Johnson County, WY, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Factors such as location, property size, and improvements can influence this assessment. Homeowners in Johnson County can expect their tax bills to vary significantly based on these assessments. For instance, the 25th percentile tax bill is around $1,062, while the 75th percentile tax bill can reach up to $2,956. At the higher end, the 90th percentile tax bill stands at $4,267. Comparatively, Johnson County's property tax rates can be seen as moderate when juxtaposed with the national median property tax rate of 0.99%. While the highest median tax bill in the county is $2,909 in Banner, the lowest is $158 in Midwest, illustrating the range within the county. These property taxes directly impact homeowners, influencing their annual expenses and potentially affecting property values and market dynamics.
Average Johnson County Tax Bill
$1,949
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690