Keeline, Wyoming Property Taxes
The median property tax rate in Keeline, WY is 0.66%, slightly above the Wyoming state median of 0.65% but below the national median of 0.99%. With a median home value of $198,926, the typical annual property tax bill in Keeline amounts to $1,304, which is significantly lower than the national median of $2,690. Property taxes in Keeline 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 Keeline'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 Keeline or another part of Niobrara County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keeline, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$1,313
Ownwell’s Keeline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keeline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keeline 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 Keeline, Wyoming
Property taxes in Keeline, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Keeline is 0.66%, lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within Keeline set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keeline 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 Keeline's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82227 zip code has the highest median property tax rate of 0.66%, while the same 82227 zip code also has the lowest median tax rate of 0.66%. Understanding how these cities compare with Keeline provides valuable insights into the varying tax landscape across Niobrara County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keeline Tax Rate
0.66%
Average Niobrara County Tax Rate
0.70%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keeline, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82227 | 0.57% | 0.66% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Keeline, Wyoming
In Keeline, 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 Niobrara 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 Keeline, 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 Keeline 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 $1,304, found in the zip code 82227.
Average Keeline Assessed Value
$198,926
Average Niobrara County Assessed Value
$88,394
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keeline, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82227 | $24,885 | $59,182 | $198,926 | $384,523 | $672,906 |
Source: Ownwell
Property Tax Bills Across Keeline, Wyoming
In Keeline, Niobrara County, WY, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the home's market value, which in Keeline is around $198,926. The local tax rate then applies to this assessed value, resulting in the final tax bill. Several factors influence the property tax bill, including the home's market value, assessment ratio, and the local tax rate. For instance, homes in the 25th percentile of tax bills pay approximately $388, while those in the 75th percentile pay around $2,521. At the 90th percentile, tax bills can reach up to $4,411. These variations significantly affect homeowners, as those with higher-valued properties or in areas with higher tax rates will face steeper tax bills. Compared to the national median property tax rate of 0.99%, Keeline's property taxes can be quite variable, impacting homeowners differently based on their property's assessed value and the specific tax rate applied.
Average Keeline Tax Bill
$1,304
Average Niobrara County Tax Bill
$603
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Keeline, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82227 | $141 | $388 | $1,304 | $2,521 | $4,411 |
Source: Ownwell