Alpine, Wyoming Property Taxes
The median property tax rate in Alpine, Wyoming is 0.59%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Alpine at $633,927, the typical annual property tax bill reaches $3,996, surpassing the national median of $2,690. Property taxes in Alpine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alpine'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 Alpine 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
Alpine, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$3,740
$3,471
Ownwell’s Alpine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Alpine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alpine 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 Alpine, Wyoming
Property taxes in Alpine, Wyoming, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Alpine is 0.59%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Alpine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alpine 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 Alpine's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 83128 zip code has the highest median property tax rate of 0.59%, while the same zip code also has the lowest median tax rate of 0.59%. Understanding how these cities compare with Alpine provides valuable insights into the varying tax landscape across Lincoln County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alpine Tax Rate
0.59%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alpine, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83128 | 0.59% | 0.59% | 0.59% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Alpine, Wyoming
In Alpine, 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 Lincoln 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 Alpine, 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. Alpine homeowners see a range in tax bills, with the 25th percentile at $2,682 and the 75th percentile at $6,065. The 90th percentile reaches up to $9,596. The zip code 83128 has both the highest and lowest median tax bills, standing at $3,996. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alpine Assessed Value
$633,927
Average Lincoln County Assessed Value
$316,204
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alpine, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83128 | $239,649 | $413,819 | $633,927 | $964,248 | $1,572,996 |
Source: Ownwell
Property Tax Bills Across Alpine, Wyoming
In Alpine, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office in Lincoln County. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Alpine, the median home price is $633,927, and tax bills can vary significantly. For example, homeowners at the 25th percentile pay around $2,682, while those at the 75th percentile face bills of approximately $6,065. At the 90th percentile, tax bills can reach up to $9,596. Several factors influence these tax bills, including property size, location, and any applicable exemptions. The local tax rate and assessed property value play a crucial role in determining the final amount. Compared to the national median property tax rate of 0.99%, Alpine's tax bills reflect the high property values in the region. For homeowners, understanding these factors is essential for financial planning and anticipating annual expenses.
Average Alpine Tax Bill
$3,996
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Alpine, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83128 | $1,596 | $2,682 | $3,996 | $6,065 | $9,596 |
Source: Ownwell