Star Valley Ranch, Lincoln County, Wyoming Property Taxes
Median STAR VALLEY RANCH, WY effective property tax rate: 0.64%, significantly lower than the national median of 1.02%, but lower than the Wyoming state median of 0.65%.
Median STAR VALLEY RANCH, WY home value: $551,726
Median annual STAR VALLEY RANCH, WY tax bill: $3,530, $1,130 higher than the national median property tax bill of $2,400.
How are property taxes in Lincoln County calculated?
Property taxes in STAR VALLEY RANCH, 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 STAR VALLEY RANCH’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in STAR VALLEY RANCH, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Star Valley Ranch, Lincoln County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.64%
Estimate Property Tax Bill
$3,531
$3,277
Property Tax Rates Across Star Valley Ranch, Lincoln County, Wyoming
Local government entities set tax rates, which can vary widely within a state. Annually, 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 STAR VALLEY RANCH, Lincoln County, the effective property tax rate is notably lower than both the state and national averages. With a median property tax rate of 0.64%, STAR VALLEY RANCH stands out for its affordability in property taxation. This rate is significantly below the national median property tax rate of 1.02%. Consequently, property owners in STAR VALLEY RANCH benefit from lower annual tax bills compared to many other regions. While the process of setting these rates involves various factors and considerations, the outcome is a favorable tax environment for residents. This comparison highlights the potential savings for homeowners in STAR VALLEY RANCH, making it an attractive location for property investment.
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 Star Valley Ranch Tax Rate
0.64%
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 Star Valley Ranch, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83127 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
Source: Ownwell
Property Tax Assessment Values Across Star Valley Ranch, Lincoln County, Wyoming
When examining property taxes in Star Valley Ranch, 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 Appraisal District 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 April. 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 Star Valley Ranch. For example, the median home price in Star Valley Ranch is $551,726, with tax bills ranging significantly across the county. 83127 has the highest median home price at $551,726.
Property Tax Assessment Values Across Star Valley Ranch, Lincoln County, Wyoming
Source: Ownwell
$29,051
$331,489
$633,927
Median Star Valley Ranch Market Value
$551,726
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 Star Valley Ranch, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83127 | $331,493 | $425,796 | $551,726 | $716,635 | $897,295 |
Source: Ownwell
Property Tax Bills Across Star Valley Ranch, Lincoln County, Wyoming
In Star Valley Ranch, Wyoming, property tax bills are calculated based on the assessed value of a home, which is derived from its market value. The local tax rate is applied to this assessed value to determine the property tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Star Valley Ranch can expect tax bills that vary significantly, with the 25th percentile at $2,723 and the 75th percentile reaching $4,584. Comparatively, the national median property tax bill is $2,400, indicating that homeowners in this area may face higher bills.
The financial impact on homeowners can be substantial, especially with property values in the area peaking at a median home price of $551,726. Ownwell offers services to help homeowners reduce their property tax bills by appealing assessed values and identifying potential exemptions. By leveraging Ownwell's expertise, homeowners can potentially lower their tax burden, ensuring they pay only what is fair and equitable.
Median Star Valley Ranch Tax Bill
$3,530
Median Lincoln County Tax Bill
$2,068
Median Wyoming Tax Bill
$1,635
Median United States Tax Bill
$2,400
Property Tax Bills Across Star Valley Ranch, Lincoln County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83127 | $2,156 | $2,723 | $3,530 | $4,584 | $5,738 |
Source: Ownwell