Cody, Park County, Wyoming Property Taxes

Name: Property Tax Bills Across Cody, Park County, Wyoming
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cody, WY effective property tax rate: 0.71%, significantly lower than the national median of 1.02%, but higher than the Wyoming state median of 0.65%.
Median Cody, WY home value: $409,071
Median annual Cody, WY tax bill: $2,812, $412 higher than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

Property taxes in Cody, WY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Cody’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cody, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cody, Park County, Wyoming Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.71%

Estimate Property Tax Bill

$2,904

$2,695

Ownwell’s Cody Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cody with just two data points. By entering your property's estimated assessed value, our calculator applies Cody’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Park County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cody, Park County, Wyoming

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Cody, located in Park County, Wyoming, the effective property tax rate is notably different when compared to other cities in the state. Wyoming's median property tax rate is relatively lower than the national median, making it an attractive location for property owners. Cody's rate is consistent with the county's highest and lowest median tax rates, indicating a uniformity within the area. When compared to the national median property tax rate and bill, Cody offers a more favorable tax environment, potentially leading to significant savings for property owners. Understanding these differences can be crucial for property owners considering an appeal or exemption. By staying informed, property owners can make strategic decisions to manage their property tax liabilities effectively.

Property Tax Rates Across Cody, Park County, Wyoming

Source: Ownwell

0.64%

0.67%

0.71%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Cody Tax Rate

0.71%

Median Effective Park County Tax Rate

0.67%

Median Effective Wyoming Tax Rate

0.65%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cody, Park County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
82414	0.65%	0.66%	0.71%	0.71%	0.71%

Source: Ownwell

Property Tax Assessment Values Across Cody, Park County, Wyoming

When examining property taxes in Cody, Wyoming, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Park County Assessor estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Park County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Cody.

For example, the median home price in Cody is $409,071, with tax bills ranging significantly across the county. The 82414 zip code has the highest median home price at $409,071.

Property Tax Assessment Values Across Cody, Park County, Wyoming

Source: Ownwell

$61,454

$235,263

$409,071

Median Cody Market Value

$409,071

Median Park County Market Value

$362,988

Median Wyoming Market Value

$247,958

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cody, Park County, Wyoming

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
82414	$99,752	$273,228	$409,071	$591,412	$840,406

Source: Ownwell

Property Tax Bills Across Cody, Park County, Wyoming

In Cody, Park County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This value is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Cody see a diverse range of tax bills, with a 25th percentile bill of $1,885 and a 75th percentile bill reaching $3,965. The 90th percentile tax bill soars to $5,549, indicating variability in property tax burdens. The median tax bill in Cody's 82414 zip code is $2,812, which is above the national median property tax bill of $2,400. This can significantly impact homeowners, as higher property taxes may strain household budgets. Ownwell can assist homeowners in Cody by providing expert property tax appeal and exemption services. By ensuring that properties are accurately assessed and that homeowners are aware of potential exemptions, Ownwell helps reduce tax burdens, ultimately leading to substantial savings on property tax bills.

Property Tax Bills Across Cody, Park County, Wyoming

Source: Ownwell

$431

$1,622

$2,812

Median Cody Tax Bill

$2,812

Median Park County Tax Bill

$2,484

Median Wyoming Tax Bill

$1,635

Median United States Tax Bill

$2,400

Property Tax Bills Across Cody, Park County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
82414	$673	$1,885	$2,812	$3,965	$5,549

Source: Ownwell