Fontenelle, Wyoming Property Taxes
The median property tax rate in Fontenelle, WY, 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 Fontenelle at $171,235, the typical annual property tax bill amounts to $1,165, significantly below the national median of $2,690. Property taxes in Fontenelle are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Fontenelle'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 Fontenelle or another part of Lincoln County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fontenelle, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,027
Ownwell’s Fontenelle Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Fontenelle with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Fontenelle to provide an estimate of your property tax bill. This invaluable tool offers insight into potential tax liabilities, helping you plan your finances better. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Fontenelle, Wyoming
Property taxes in Fontenelle, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fontenelle is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Fontenelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fontenelle 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 Fontenelle's effective property tax rate to other areas in Lincoln County and the national median. For comparison, the zip code 83101 has both the highest and lowest median property tax rate of 0.60%, demonstrating a consistent tax landscape within this region. Understanding how these areas compare with Fontenelle 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 Fontenelle Tax Rate
0.60%
Average Lincoln County Tax Rate
0.60%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fontenelle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | 0.60% | 0.60% | 0.60% | 0.61% | 0.61% |
Source: Ownwell
Property Tax Assessment Values Across Fontenelle, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Fontenelle, Wyoming. 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 Fontenelle, 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. For example, the highest median tax bill in the area is $1,165 in zip code 83101, while the lowest is also $1,165 in the same zip code. Awareness of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Fontenelle Assessed Value
$171,235
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 Fontenelle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | $21,822 | $44,295 | $171,235 | $294,337 | $406,682 |
Source: Ownwell
Property Tax Bills Across Fontenelle, Wyoming
In Fontenelle, located in Lincoln County, WY, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The median home price in Fontenelle is $171,235. Property tax rates in this region can vary, but they are generally lower than the national median property tax rate of 0.99%. Homeowners in Fontenelle can expect their annual property tax bills to range significantly. For instance, the tax bill at the 25th percentile is $568, while at the 75th percentile, it rises to $1806. At the 90th percentile, homeowners may see tax bills as high as $2528. This variation is influenced by factors such as property location, size, and any applicable exemptions. Understanding these factors can help homeowners anticipate their annual property tax obligations and manage their finances more effectively. By being aware of how property taxes are calculated, homeowners in Fontenelle can better navigate their financial planning and ensure they are prepared for their property tax responsibilities.
Average Fontenelle Tax Bill
$1,165
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Fontenelle, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83101 | $198 | $568 | $1,165 | $1,806 | $2,528 |
Source: Ownwell