Deaver, Wyoming Property Taxes
The median property tax rate in Deaver, WY 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 in Deaver of $144,438, the typical annual property tax bill amounts to $926, which is well below the national median of $2,690. Property taxes in Deaver are calculated based on the assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Deaver'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 Deaver or another part of Park County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Deaver, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.64%
Estimate Property Tax Bill
$924
Ownwell’s Deaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Deaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Deaver 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 Deaver, Wyoming
Property taxes in Deaver, Wyoming, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Deaver is 0.64%, which is lower than the U.S. national median of 0.99%. Local government entities within Deaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Deaver 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 Deaver's effective property tax rate to other areas in Wyoming and the national median. For comparison, the 82421 zip code has both the highest and lowest median property tax rate of 0.64%. Understanding how these figures compare with Deaver provides valuable insights into the varying tax landscape across Park County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Deaver Tax Rate
0.64%
Average Park County Tax Rate
0.67%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Deaver, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | 0.64% | 0.64% | 0.64% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Deaver, Wyoming
In Deaver, 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 Park 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 Deaver, 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 Deaver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Deaver is $926.00 in zip code 82421.
Average Deaver Assessed Value
$144,438
Average Park County Assessed Value
$362,988
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Deaver, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | $6,412 | $12,956 | $144,438 | $288,059 | $445,102 |
Source: Ownwell
Property Tax Bills Across Deaver, Wyoming
In Deaver, WY, property tax bills are calculated based on the assessed value of a property, which is determined by the Park County assessor. The assessed value is a percentage of the property's market value. Homeowners in Deaver experience a wide range of property tax bills, with the 25th percentile paying around $86 and the 75th percentile paying up to $1,843. At the 90th percentile, property tax bills can reach as high as $2,852. The median home price in Deaver stands at $144,438, and the property tax rate is influenced by local government budgets and funding needs for public services like schools and infrastructure. The highest and lowest median tax bills in the area are both recorded at $926, which is significantly below the national median property tax rate of 0.99%. This relatively low tax rate can be beneficial for homeowners, making Deaver an attractive place for those looking to minimize their property tax burden.
Average Deaver Tax Bill
$926
Average Park County Tax Bill
$2,484
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Deaver, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82421 | $42 | $86 | $926 | $1,843 | $2,852 |
Source: Ownwell