Natrona, Wyoming Property Taxes
The median property tax rate in Natrona, WY is 0.64%, slightly below both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $67,726 in Natrona, the typical annual property tax bill amounts to $437, significantly lower than the national median of $2,690. Property taxes in Natrona are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Natrona'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 Natrona or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Natrona, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$433
$402
Ownwell’s Natrona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Natrona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Natrona 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 Natrona, Wyoming
Property taxes in Natrona, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Natrona is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Natrona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Natrona 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 Natrona's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82646 has both the highest and lowest median property tax rate of 0.64%. Understanding how these areas compare with Natrona provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Natrona 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 Natrona, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82646 | 0.64% | 0.64% | 0.64% | 0.64% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Natrona, Wyoming
In Natrona, 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 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 Natrona, 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 Natrona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $437, found in the zip code 82646.
Average Natrona Assessed Value
$67,726
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 Natrona, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82646 | $6,475 | $41,803 | $67,726 | $166,996 | $358,498 |
Source: Ownwell
Property Tax Bills Across Natrona, Wyoming
Property tax bills in Natrona, Wyoming, are calculated based on the assessed value of a property, which is typically a percentage of the market value. Homeowners in Natrona can expect their tax bills to be influenced by several factors, including the assessed value of their home and the local tax rate. The median home price in Natrona is $67,726, and the property tax rate in this region is relatively low compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill in Natrona is $270, while the 75th percentile tax bill is $1,077, and the 90th percentile tax bill reaches up to $2,312. This range demonstrates how property taxes can vary significantly based on the value of the property. Homeowners in the zip code 82646, which has both the highest and lowest median tax bill of $437, can expect a consistent tax burden. These property taxes fund essential public services, impacting homeowners by contributing to local infrastructure, schools, and emergency services.
Average Natrona Tax Bill
$437
Average Natrona County Tax Bill
$1,493
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Natrona, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82646 | $42 | $270 | $437 | $1,077 | $2,312 |
Source: Ownwell