Grover, Wyoming Property Taxes
The median property tax rate in Grover, Wyoming is 0.60%, considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Grover, the typical annual property tax bill reaches $1,891, significantly below the national median of $2,690. Property taxes in Grover 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 Grover'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 Grover 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
Grover, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$1,742
$1,617
Ownwell’s Grover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grover 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 Grover, Wyoming
Property taxes in Grover, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grover is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Grover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grover 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 Grover's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 83122 zip code has both the highest and lowest median property tax rate of 0.60%. Understanding how these cities compare with Grover 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 Grover 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 Grover, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83122 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Grover, Wyoming
In Grover, 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 Assessor 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 Grover, 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 Grover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Grover, both at $1,891, are found in the 83122 zip code.
Average Grover Assessed Value
$290,415
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 Grover, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83122 | $38,703 | $136,555 | $293,784 | $502,593 | $771,216 |
Source: Ownwell
Property Tax Bills Across Grover, Wyoming
In Grover, property tax bills are calculated based on the assessed value of a home, which is determined by the Lincoln County Assessor's office. The median home price in Grover is $290,415, and the property tax rate in the area is applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Grover can expect to pay a median property tax bill that falls within the range of $966 at the 25th percentile to $4,693 at the 90th percentile. The highest median tax bill in the area is $1,891, which is notably lower than the national median property tax rate of 0.99%. These tax bills fund essential public services, including schools, roads, and emergency services, directly affecting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their financial responsibilities and the benefits they receive in return.
Average Grover Tax Bill
$1,891
Average Lincoln County Tax Bill
$2,068
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Grover, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83122 | $382 | $966 | $1,891 | $3,231 | $4,693 |
Source: Ownwell