Cora, Sublette County, Wyoming Property Taxes
The median property tax rate in Cora, Wyoming is 0.58%, which is lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With the median home value in Cora at $481,553, the typical annual property tax bill reaches $2,850, surpassing the national median of $2,690. Property taxes in Cora are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cora'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 Cora 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
Cora, Sublette County, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$2,793
$2,592
Ownwell’s CORA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in CORA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in CORA 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 Cora, Sublette County, Wyoming
Property taxes in CORA, Wyoming, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in CORA is 0.58%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within CORA set these rates annually, and they can vary significantly across different neighborhoods. Each year, CORA 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 CORA's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82925 has both the highest and lowest median property tax rate of 0.58%. Understanding how these cities compare with CORA provides valuable insights into the varying tax landscape across Sublette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cora Tax Rate
0.58%
Average Sublette County Tax Rate
0.59%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cora, Sublette County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82925 | 0.58% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Cora, Sublette County, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in CORA, Wyoming. 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 Sublette 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 CORA, 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. For instance, the zip code 82925 has both the highest and lowest median tax bills at $2850. Being aware of these valuation processes in CORA helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Cora, Sublette County, Wyoming
Source: Ownwell
$134,722
$341,769
$548,816
Average Cora Assessed Value
$481,553
Average Sublette County Assessed Value
$283,103
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cora, Sublette County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82925 | $137,990 | $261,837 | $481,553 | $726,202 | $1,162,048 |
Source: Ownwell
Property Tax Bills Across Cora, Sublette County, Wyoming
Property tax bills in CORA, located in Sublette County, WY, are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in CORA is $481,553. Local tax authorities determine the assessed value, and the tax rate is applied to this value to calculate the tax bill. The tax rate in this region is influenced by various factors, including local government budgets and public service funding needs. For homeowners in CORA, tax bills can vary significantly. The 25th percentile tax bill is around $1,507, while the 75th percentile tax bill reaches $4,211, and the 90th percentile tax bill can be as high as $6,710. The highest and lowest median tax bills in the area both stand at $2,850, highlighting some consistency in tax assessments. These property taxes directly impact homeowners by affecting their annual housing costs, influencing decisions on homeownership, and potentially impacting the local real estate market.
Average Cora Tax Bill
$2,850
Average Sublette County Tax Bill
$1,756
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Cora, Sublette County, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82925 | $812 | $1,507 | $2,850 | $4,211 | $6,710 |
Source: Ownwell