Evansville, Wyoming Property Taxes
The median property tax rate in Evansville, WY is 0.69%, slightly higher than the Wyoming state median of 0.65% but lower than the national median of 0.99%. With a median home value of $162,181, the typical annual property tax bill in Evansville is $1,096, which is significantly less than the national median of $2,690. Property taxes in Evansville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Evansville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Evansville 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
Evansville, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,119
Ownwell’s Evansville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Evansville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Evansville 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 Evansville, Wyoming
Property taxes in Evansville, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Evansville is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Evansville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Evansville 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 Evansville's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82636 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Evansville 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 Evansville 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 Evansville, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82636 | 0.64% | 0.64% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Evansville, Wyoming
In Evansville, 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 Evansville, 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 Evansville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 82636 has the highest and lowest median tax bill at $1096.
Average Evansville Assessed Value
$162,181
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 Evansville, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82636 | $5,984 | $28,839 | $162,181 | $269,021 | $365,844 |
Source: Ownwell
Property Tax Bills Across Evansville, Wyoming
In Evansville, 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 Evansville is $162,181. Local tax assessors determine the assessed value, and then the property tax rate is applied to this value to calculate the tax bill. Factors influencing the tax bill include the property's location, size, and any applicable exemptions. For homeowners in Evansville, the 25th percentile tax bill is $197, while the 75th percentile tax bill is $1,822. At the 90th percentile, the tax bill reaches $2,465. These figures show a wide range in property tax obligations, reflecting the variety in property values and possible exemptions in the area. Compared to the national median property tax rate of 0.99%, Evansville's property taxes can be relatively low, providing some financial relief to homeowners. However, those with higher-valued properties or fewer exemptions may see more substantial tax bills.
Average Evansville Tax Bill
$1,096
Average Natrona County Tax Bill
$1,493
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Evansville, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82636 | $40 | $197 | $1,096 | $1,822 | $2,465 |
Source: Ownwell