Chugwater, Wyoming Property Taxes
The median property tax rate in Chugwater, WY is 0.71%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $108,401 in Chugwater, the typical annual property tax bill is approximately $723, which is significantly below the national median of $2,690. Property taxes in Chugwater are calculated based on the tax assessed value, which is often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Chugwater's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you reside in Chugwater or another part of Platte County, gaining insights into the local property tax system will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Chugwater, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$770
$714
Ownwell’s Chugwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Chugwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Chugwater 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 Chugwater, Wyoming
Property taxes in Chugwater, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Chugwater is 0.71%, which is lower than the U.S. national median of 0.99%. Local government entities within Chugwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Chugwater 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 Chugwater's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82210 zip code has both the highest and lowest median property tax rate of 0.71%. Understanding how these cities compare with Chugwater provides valuable insights into the varying tax landscape across Platte County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Chugwater Tax Rate
0.71%
Average Platte County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | 0.65% | 0.66% | 0.71% | 0.71% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Chugwater, Wyoming
In Chugwater, 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 Platte County Assessor 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 Chugwater, 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. The median home price in Chugwater is $108,401, with tax bills ranging from $157 at the 25th percentile to $3,270 at the 90th percentile. The highest and lowest median tax bills are both $723, found in the 82210 zip code. Being aware of these valuation processes in Chugwater helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Chugwater Assessed Value
$108,401
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 Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | $12,561 | $23,537 | $108,401 | $248,697 | $494,761 |
Source: Ownwell
Property Tax Bills Across Chugwater, Wyoming
In Chugwater, Platte County, WY, property tax bills are calculated based on the assessed value of your home, which is determined by the county assessor. This assessed value is a percentage of the market value of your property. The tax rate, applied to this assessed value, determines your annual property tax bill. For example, in Chugwater, the median home price is $108,401, which influences the assessed value and, consequently, the tax bill. Several factors affect the tax bill, including property size, location, and any applicable exemptions. The tax bill can vary significantly, with the 25th percentile paying around $157 and the 90th percentile reaching up to $3,270. The highest and lowest median tax bills in the area are both $723, indicating a relatively uniform tax rate within the specific zip code of 82210. Homeowners in Chugwater should be aware that while the tax rate might seem modest compared to the national median property tax rate of 0.99%, it can still impact their financial planning significantly.
Average Chugwater Tax Bill
$723
Average Platte County Tax Bill
$1,176
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Chugwater, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82210 | $89 | $157 | $723 | $1,675 | $3,270 |
Source: Ownwell