Cheyenne, Laramie County, Wyoming Property Taxes
Median Cheyenne, WY effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Wyoming state median of 0.65%.
Median Cheyenne, WY home value: $312,029
Median annual Cheyenne, WY tax bill: $1,844, $556 lower than the national median property tax bill of $2,400.
How are property taxes in Laramie County calculated?
Property taxes in Cheyenne, WY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Cheyenne’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cheyenne, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Cheyenne, Laramie County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.61%
Estimate Property Tax Bill
$1,903
$1,766
Property Tax Rates Across Cheyenne, Laramie County, Wyoming
Local government entities play a pivotal role in setting property tax rates, leading to substantial variation within Wyoming. Each year, counties estimate their necessary budget to deliver essential services and divide this figure by the total value of all taxable property in the area, resulting in the property tax rate. This process, while influenced by votes and legislation, essentially determines the annual tax rates.
In Cheyenne, located in Laramie County, the effective property tax rate is a reflection of this calculation. When comparing Cheyenne’s property tax rates to those in other Wyoming cities, it's evident that they are competitive. Cheyenne's rates align closely with the state's median, providing residents with relatively affordable property tax obligations. The highest median tax rate in the county is 0.61%, while the lowest is slightly lower at 0.58%. In contrast, the national median property tax rate stands at 1.02%, highlighting Wyoming's generally lower property tax burden. This makes Cheyenne an attractive location for property owners seeking to minimize their tax liabilities while enjoying the benefits of local services.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Cheyenne Tax Rate
0.61%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Laramie County Tax Rate
0.60%
Median Effective Wyoming Tax Rate
0.65%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Cheyenne, Laramie County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | 0.56% | 0.58% | 0.60% | 0.63% | 0.64% |
| 82007 | 0.56% | 0.59% | 0.61% | 0.64% | 0.67% |
| 82009 | 0.51% | 0.54% | 0.58% | 0.63% | 0.65% |
| 82005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Cheyenne, Laramie County, Wyoming
When examining property taxes in Cheyenne, Wyoming, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Laramie County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Laramie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cheyenne. For example, the median home price in Cheyenne is $312,029, with tax bills ranging significantly across the county. Zip code 82009 has the highest median home price at $405,133.
Property Tax Assessment Values Across Cheyenne, Laramie County, Wyoming
Source: Ownwell
$102,006
$258,521
$415,036
Median Cheyenne Market Value
$312,029
Median Laramie County Market Value
$308,008
Median Wyoming Market Value
$247,958
Median United States Market Value
$235,294
Property Tax Assessment Values Across Cheyenne, Laramie County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | $161,214 | $231,066 | $288,431 | $359,914 | $452,078 |
| 82007 | $11,455 | $31,452 | $200,674 | $308,592 | $422,894 |
| 82009 | $209,639 | $307,570 | $405,133 | $554,814 | $693,450 |
| 82005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Cheyenne, Laramie County, Wyoming
Median Cheyenne Tax Bill
$1,844
Median Laramie County Tax Bill
$1,816
Median Wyoming Tax Bill
$1,635
Median United States Tax Bill
$2,400
Property Tax Bills Across Cheyenne, Laramie County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82001 | $935 | $1,371 | $1,727 | $2,174 | $2,706 |
| 82007 | $70 | $194 | $1,200 | $1,840 | $2,467 |
| 82009 | $1,055 | $1,775 | $2,346 | $3,156 | $3,914 |
| 82005 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell