Linch, Johnson County, Wyoming Property Taxes
The median property tax rate in Linch, Wyoming is 0.66%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $158,375, the typical annual property tax bill in Linch is $1,046, which is below the national median of $2,690. Property taxes in Linch are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Linch'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 Linch 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
Linch, Johnson County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,045
$970
Ownwell’s Linch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Linch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Linch 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 Linch, Johnson County, Wyoming
Property taxes in Linch, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Linch is 0.66%, which is lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Linch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Linch 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 Linch's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82640 zip code has the highest median property tax rate of 0.66%, while the same 82640 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Linch provides valuable insights into the varying tax landscape across Johnson County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Linch Tax Rate
0.66%
Average Johnson County Tax Rate
0.66%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Linch, Johnson County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82640 | 0.66% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Linch, Johnson County, Wyoming
In Linch, 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 Johnson 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 Linch, 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 Linch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 82640, while the lowest is also 82640, both at $1,046.
Property Tax Assessment Values Across Linch, Johnson County, Wyoming
Source: Ownwell
$158,375
$312,504
$466,632
Average Linch Assessed Value
$158,375
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 Linch, Johnson County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82640 | $11,860 | $31,239 | $158,375 | $398,758 | $773,560 |
Source: Ownwell
Property Tax Bills Across Linch, Johnson County, Wyoming
In Linch, located in Johnson County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the market value of the property. Homeowners in Linch see a range of property tax bills. The 25th percentile tax bill is approximately $205, while those in the 75th percentile pay around $2,634. At the higher end, the 90th percentile tax bill reaches $5,109. These figures show a significant variation in property tax bills, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, the property tax rates in Linch can be quite varied. Homeowners must budget accordingly, as these taxes contribute to essential community services like schools, infrastructure, and emergency services. Understanding how these taxes are calculated can help homeowners better anticipate their financial obligations and plan for the future.
Average Linch Tax Bill
$1,046
Average Johnson County Tax Bill
$1,949
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Linch, Johnson County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82640 | $78 | $205 | $1,046 | $2,634 | $5,109 |
Source: Ownwell