Platte County Property Taxes
The median property tax rate in Platte County is 0.69%, which is higher than both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $177,671 in Platte County, the typical annual property tax bill is approximately $1,176, significantly lower than the national median of $2,690. Property taxes in Platte County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as primary residence and agricultural exemptions. Understanding Platte County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Wheatland or another part of Platte County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Platte County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,226
$1,138
Ownwell’s Platte County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Platte County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Platte County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Platte County, Wyoming
Property taxes in Platte County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Platte County is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Platte County set these rates annually, and they can vary significantly between different areas within the county. Each year, Platte County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Platte County's effective property tax rate with other areas in Wyoming and the national median. For comparison, the city of Chugwater has one of the higher property tax rates in Wyoming at 0.71%, while the city of Hartville boasts one of the lowest at 0.67%. Analyzing how Platte County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Platte County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Assessment Values Across Platte County, Wyoming
In Platte County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Platte County Appraisal District. The assessed value, however, 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 in Platte County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Platte County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. Notably, Wheatland has the highest median tax bill at $1,376, while Chugwater has the lowest at $723, compared to the national median property tax rate of 0.99%.
Average Platte County Assessed Value
$177,671
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Platte County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Chugwater | $12,561 | $23,537 | $108,401 | $248,697 | $494,761 |
| Glendo | $12,378 | $22,409 | $137,871 | $306,001 | $592,840 |
| Guernsey | $13,807 | $47,939 | $131,524 | $198,820 | $310,948 |
| Hartville | $17,319 | $55,725 | $141,007 | $257,846 | $517,691 |
| Wheatland | $13,289 | $64,221 | $205,889 | $314,906 | $466,641 |
Source: Ownwell
Property Tax Bills Across Platte County, Wyoming
In Platte County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. Homeowners in Platte County experience a range of property tax bills. For instance, the median home price in the county is $177,671. Property tax bills can vary significantly, with the 25th percentile tax bill at $310 and the 75th percentile at $1,954. The 90th percentile tax bill reaches up to $3,027. Factors influencing these bills include the property's location, size, and condition. For example, Wheatland has the highest median tax bill at $1,376, while Chugwater has the lowest at $723. These tax bills impact homeowners by contributing to their annual housing expenses, which can influence their overall financial planning and decisions. Compared to the national median property tax rate of 0.99%, Platte County's property taxes reflect the region's specific economic and housing conditions.
Average Platte County Tax Bill
$1,176
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690