Arminto, Wyoming Property Taxes
The median property tax rate in Arminto, WY is 0.64%, 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 Arminto, the typical annual property tax bill reaches $293, significantly below the national median of $2,690. Property taxes in Arminto 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 Arminto'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 Arminto 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
Arminto, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$290
$270
Ownwell’s Arminto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Arminto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Arminto 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 Arminto, Wyoming
Property taxes in Arminto, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Arminto is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Arminto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Arminto 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 Arminto's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82630 has both the highest and lowest median property tax rate of 0.64%. Understanding how these cities compare with Arminto provides valuable insights into the varying tax landscape across Natrona County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Arminto Tax Rate
0.64%
Average Natrona County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Arminto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82630 | 0.64% | 0.64% | 0.64% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Arminto, Wyoming
In Arminto, 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 Natrona 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 Arminto, 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 Arminto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Arminto are both $293, found in the zip code 82630.
Average Arminto Assessed Value
$45,380
Average Natrona County Assessed Value
$218,065
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Arminto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82630 | $12,703 | $19,572 | $45,380 | $118,282 | $227,760 |
Source: Ownwell
Property Tax Bills Across Arminto, Wyoming
In Arminto, located in Natrona County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Arminto stands at $45,380. Once the assessed value is determined, local tax rates are applied to compute the tax bill. Factors such as property size, location, and any applicable exemptions can influence the final amount. Homeowners in Arminto experience a range of tax bills. For instance, those in the 25th percentile pay around $126, while those in the 75th percentile face tax bills closer to $763. The 90th percentile sees bills as high as $1,469. The median tax bill in the area is $293, which is significantly lower than the national median property tax rate of 0.99%. This relatively modest tax burden can make homeownership more affordable, but it also means fewer local resources are generated from property taxes, potentially affecting community services and infrastructure.
Average Arminto Tax Bill
$293
Average Natrona County Tax Bill
$1,493
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Arminto, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82630 | $82 | $126 | $293 | $763 | $1,469 |
Source: Ownwell