Smoot, Lincoln County, Wyoming Property Taxes
Median Smoot, WY effective property tax rate: 0.60%, significantly lower than the national median of 1.02%, but lower than the Wyoming state median of 0.65%.
Median Smoot, WY home value: $372,900
Median annual Smoot, WY tax bill: $2,313, $87 lower than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in Smoot, 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 Smoot’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smoot, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Smoot, Lincoln County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.6%
Estimate Property Tax Bill
$2,237
$2,076
Property Tax Rates Across Smoot, Lincoln County, Wyoming
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
In Smoot, located in Lincoln County, Wyoming, the property tax rate is notably lower than the national median of 1.02%. This makes Smoot an attractive location for property owners looking to manage their tax expenses effectively. With a median property tax rate of 0.60%, Smoot offers a favorable environment compared to many other parts of the country.
Comparing Smoot’s effective property tax rate to other cities in Wyoming, it stands out as one of the more affordable areas. The median property tax rate in Wyoming aligns closely with Smoot's rate, offering consistency across the state. This provides residents with predictable tax bills, unlike states with higher variability.
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 Smoot Tax Rate
0.60%
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 Lincoln County Tax Rate
0.60%
Median Effective Wyoming Tax Rate
0.65%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Smoot, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83126 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Smoot, Lincoln County, Wyoming
When examining property taxes in Smoot, 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 Lincoln 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 Lincoln 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 Smoot. For example, the median home price in Smoot is $372,900, with tax bills ranging significantly across the county. Zip code 83126 has the highest median home price at $372,900.
Property Tax Assessment Values Across Smoot, Lincoln County, Wyoming
Source: Ownwell
$29,051
$331,489
$633,927
Median Smoot Market Value
$372,900
Median Lincoln County Market Value
$316,204
Median Wyoming Market Value
$247,958
Median United States Market Value
$235,294
Property Tax Assessment Values Across Smoot, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83126 | $63,041 | $183,855 | $372,900 | $591,172 | $838,656 |
Source: Ownwell
Property Tax Bills Across Smoot, Lincoln County, Wyoming
Median Smoot Tax Bill
$2,313
Median Lincoln County Tax Bill
$2,068
Median Wyoming Tax Bill
$1,635
Median United States Tax Bill
$2,400
Property Tax Bills Across Smoot, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83126 | $538 | $1,204 | $2,313 | $3,596 | $5,116 |
Source: Ownwell