Dayton, Wyoming Property Taxes
The median property tax rate in Dayton, Wyoming is 0.69%, which is lower than the national median of 0.99% but slightly higher than the Wyoming state median of 0.65%. With the median home value in Dayton at $348,041, the typical annual property tax bill is $2,298, falling below the national median of $2,690. Property taxes in Dayton are calculated based on the assessed value, which is often lower than the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Dayton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dayton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dayton, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$2,401
Ownwell’s Dayton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dayton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dayton 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 Dayton, Wyoming
Property taxes in Dayton, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dayton is 0.69%, notably lower than the U.S. national median of 0.99%. Local government entities within Dayton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dayton 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 Dayton's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82836 zip code has the highest median property tax rate of 0.69%, while the lowest median tax rate is also 0.69% in the same zip code. Understanding how these cities compare with Dayton provides valuable insights into the varying tax landscape across Sheridan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Dayton Tax Rate
0.69%
Average Sheridan County Tax Rate
0.64%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dayton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82836 | 0.53% | 0.62% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Dayton, Wyoming
In Dayton, 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 Sheridan 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 Dayton, 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 Dayton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 82836 with a value of $2,298, which is significantly higher than the national median property tax rate of 0.99%.
Average Dayton Assessed Value
$348,041
Average Sheridan County Assessed Value
$337,055
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Dayton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82836 | $15,553 | $223,756 | $348,041 | $515,814 | $740,941 |
Source: Ownwell
Property Tax Bills Across Dayton, Wyoming
In Dayton, Sheridan 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. For example, if the median home price in Dayton is $348,041, the assessed value would be a fraction of this amount, depending on local assessment rates. Once the assessed value is determined, the property tax rate, which is specific to Sheridan County, is applied. This rate can vary, but it is typically expressed as a percentage of the assessed value. For instance, the national median property tax rate is 0.99%, but local rates can be higher or lower. Homeowners in Dayton may see varying tax bills depending on their property's assessed value. For instance, tax bills in the 25th percentile are around $1,451, while those in the 75th percentile can reach $3,470. At the higher end, the 90th percentile tax bills can be as much as $4,855. These taxes fund local services, impacting the overall cost of homeownership.
Average Dayton Tax Bill
$2,298
Average Sheridan County Tax Bill
$2,226
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Dayton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82836 | $76 | $1,451 | $2,298 | $3,470 | $4,855 |
Source: Ownwell