Laramie County, Wyoming Property Taxes
The median property tax rate in Laramie County is 0.60%, which is lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Laramie County at $308,008, the typical annual property tax bill is approximately $1,816, significantly below the national median of $2,690. Property taxes in Laramie County are calculated based on the assessed value, which is often lower than the actual market value due to various property tax exemptions such as those for primary residences and agricultural properties. Understanding Laramie County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide substantial annual savings. Whether you live in Cheyenne or another part of Laramie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laramie County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,848
$1,715
Ownwell’s Laramie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Laramie County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Laramie 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. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Laramie County, Wyoming
Property taxes in Laramie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Laramie County is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Laramie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Laramie 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 Laramie County's effective property tax rate with other areas in Wyoming and the national median. For comparison, the city of Cheyenne has one of the higher property tax rates in Wyoming at 0.61%, while the city of Granite Canon boasts one of the lowest at 0.52%. Analyzing how Laramie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Laramie County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laramie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albin | 0.51% | 0.57% | 0.60% | 0.62% | 0.69% |
| Buford | N/A | N/A | N/A | N/A | N/A |
| Burns | 0.50% | 0.55% | 0.57% | 0.60% | 0.65% |
| Carpenter | 0.46% | 0.52% | 0.57% | 0.60% | 0.64% |
| Cheyenne | 0.53% | 0.57% | 0.61% | 0.63% | 0.65% |
| Granite Canon | 0.46% | 0.50% | 0.52% | 0.55% | 0.62% |
| Hillsdale | 0.50% | 0.55% | 0.57% | 0.60% | 0.65% |
| Meriden | N/A | N/A | N/A | N/A | N/A |
| Pine Bluffs | 0.52% | 0.58% | 0.60% | 0.62% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Laramie County, Wyoming
In Laramie 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 Laramie 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 Laramie 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. In Laramie County, Granite Canon has the highest median tax bill at $2,070, while Albin has the lowest at $587. Being aware of these valuation processes will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Laramie County, Wyoming
Source: Ownwell
$102,006
$258,521
$415,036
Average Laramie County Assessed Value
$308,008
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laramie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albin | $7,889 | $17,366 | $102,006 | $228,822 | $374,566 |
| Buford | N/A | N/A | N/A | N/A | N/A |
| Burns | $13,700 | $63,475 | $243,980 | $332,013 | $426,799 |
| Carpenter | $14,925 | $119,238 | $278,052 | $398,779 | $523,001 |
| Cheyenne | $50,688 | $221,662 | $312,029 | $428,636 | $588,005 |
| Granite Canon | $73,749 | $233,819 | $415,036 | $611,599 | $686,908 |
| Hillsdale | $29,197 | $138,420 | $285,112 | $399,215 | $467,533 |
| Meriden | N/A | N/A | N/A | N/A | N/A |
| Pine Bluffs | $33,144 | $147,357 | $222,799 | $314,861 | $429,397 |
Source: Ownwell
Property Tax Bills Across Laramie County, Wyoming
In Laramie 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 is typically a percentage of the property's market value. For instance, with a median home price of $308,008, the property tax rate is applied to the assessed value to determine the tax bill. Several factors influence the final tax bill, including the property's location and any applicable exemptions. In Laramie County, property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,243, while the 75th percentile tax bill is $2,478, and the 90th percentile tax bill reaches $3,336. These variations highlight how different factors can affect homeowners' tax obligations. In Granite Canon, the highest median tax bill is $2,070, whereas in Albin, the lowest median tax bill is $587. Compared to the national median property tax rate of 0.99%, Laramie County offers a range of tax bills that can significantly impact homeowners' financial planning.
Average Laramie County Tax Bill
$1,816
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Laramie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Albin | $52 | $107 | $587 | $1,198 | $2,120 |
| Buford | N/A | N/A | N/A | N/A | N/A |
| Burns | $82 | $320 | $1,357 | $1,876 | $2,351 |
| Carpenter | $99 | $582 | $1,460 | $2,161 | $2,867 |
| Cheyenne | $306 | $1,287 | $1,844 | $2,509 | $3,362 |
| Granite Canon | $370 | $867 | $2,070 | $2,991 | $3,466 |
| Hillsdale | $186 | $774 | $1,564 | $2,220 | $2,714 |
| Meriden | N/A | N/A | N/A | N/A | N/A |
| Pine Bluffs | $206 | $851 | $1,312 | $1,868 | $2,561 |
Source: Ownwell