Powder River, Wyoming Property Taxes
The median property tax rate in Powder River, Wyoming is 0.64%, slightly below the state median of 0.65% and significantly lower than the national median of 0.99%. With a median home value of $19,593 in Powder River, the typical annual property tax bill is $126, well below the national median of $2,690. Property taxes in Powder River are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Powder River'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 Powder River or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Powder River, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$125
$116
Ownwell’s Powder River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Powder River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Powder River 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 Powder River, Wyoming
Property taxes in Powder River, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Powder River is 0.64%, significantly lower than the U.S. national median of 0.99%. Local government entities within Powder River set these rates annually, and they can vary across different neighborhoods. Each year, Powder River 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 Powder River's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82648 has the highest median property tax rate of 0.64%, while the same zip code also has the lowest median tax rate of 0.64%. Understanding how these cities compare with Powder River 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 Powder River 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 Powder River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82648 | 0.64% | 0.64% | 0.64% | 0.64% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Powder River, Wyoming
In Powder River, 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. 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 Powder River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $126.00 in zip code 82648, while the lowest median tax bill is also $126.00 in the same zip code.
Average Powder River Assessed Value
$19,593
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 Powder River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82648 | $4,872 | $8,761 | $19,593 | $79,701 | $152,890 |
Source: Ownwell
Property Tax Bills Across Powder River, Wyoming
In Powder River, WY, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Factors such as the property's location, size, and condition are considered during the assessment. The local tax rate is set by various taxing authorities, including the county and school districts, and can vary annually. Homeowners in Powder River experience a range of property tax bills. For instance, the 25th percentile tax bill is $56, while the 75th percentile reaches $514. The 90th percentile tax bill can be as high as $986. Compared to the national median property tax rate of 0.99%, Powder River's property tax bills are relatively modest. This variation in tax bills significantly impacts homeowners, influencing their financial planning and the affordability of owning property in the area. Understanding these factors helps homeowners anticipate their annual tax obligations and manage their finances more effectively.
Average Powder River Tax Bill
$126
Average Natrona County Tax Bill
$1,493
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Powder River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82648 | $31 | $56 | $126 | $514 | $986 |
Source: Ownwell