Casper, Wyoming Property Taxes
The median property tax rate in Casper, WY is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With a median home value of $227,331 in Casper, the typical annual property tax bill amounts to $1,555, falling well below the national median of $2,690. Property taxes in Casper are calculated based on the tax assessed value, which is usually less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Casper'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 Casper 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
Casper, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,569
Ownwell’s Casper Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Casper with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Casper 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 Casper, Wyoming
Property taxes in Casper, Wyoming, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Casper is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Casper set these rates annually, and they can vary significantly across different neighborhoods. Each year, Casper 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 Casper's effective property tax rate to other areas in Natrona County and the national median. For comparison, the 82609 zip code has the highest median property tax rate of 0.69%, while the 82630 zip code has the lowest median tax rate of 0.64%. Understanding how these areas compare with Casper 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 Casper Tax Rate
0.69%
Average Natrona County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82601 | 0.64% | 0.69% | 0.69% | 0.69% | 0.69% |
| 82604 | 0.64% | 0.69% | 0.69% | 0.69% | 0.69% |
| 82609 | 0.69% | 0.69% | 0.69% | 0.69% | 0.69% |
| 82630 | 0.64% | 0.64% | 0.64% | 0.64% | 0.64% |
| 82636 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Casper, Wyoming
In Casper, 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 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 Casper, 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 Casper helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in Natrona County is $2,357 in the 82630 zip code, while the lowest is $1,370 in the 82601 zip code.
Average Casper Assessed Value
$227,331
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 Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82601 | $30,040 | $121,948 | $200,093 | $282,918 | $417,159 |
| 82604 | $46,756 | $160,023 | $228,066 | $318,641 | $441,394 |
| 82609 | $133,268 | $206,517 | $287,046 | $412,428 | $564,872 |
| 82630 | $365,388 | $365,388 | $365,388 | $365,388 | $365,388 |
| 82636 | $12,927 | $12,927 | $12,927 | $12,927 | $12,927 |
Source: Ownwell
Property Tax Bills Across Casper, Wyoming
In Casper, property tax bills are calculated based on the assessed value of the property, which is a percentage of the market value. For homeowners in Natrona County, the assessed value is typically determined by the county assessor's office. Various factors such as property location, size, and improvements are considered to arrive at this value. Once the assessed value is determined, it is multiplied by the local property tax rate to calculate the tax bill. The tax rate in Natrona County is influenced by local government budgets and community needs. For instance, the median home price in Casper is $227,331, leading to tax bills that can vary significantly. The 25th percentile tax bill is around $1,050, while the 75th percentile reaches $2,256, and the 90th percentile can be as high as $3,209. Comparatively, the highest median tax bill in the area is $2,357 in the 82630 zip code, whereas the lowest is $1,370 in the 82601 zip code. These variations can significantly impact homeowners, affecting their annual budgeting and financial planning.
Average Casper Tax Bill
$1,555
Average Natrona County Tax Bill
$1,493
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Casper, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82601 | $207 | $826 | $1,370 | $1,946 | $2,846 |
| 82604 | $324 | $1,089 | $1,557 | $2,176 | $3,003 |
| 82609 | $918 | $1,416 | $1,964 | $2,838 | $3,893 |
| 82630 | $2,357 | $2,357 | $2,357 | $2,357 | $2,357 |
| 82636 | $83 | $83 | $83 | $83 | $83 |
Source: Ownwell