Green River, Wyoming Property Taxes
The median property tax rate in Green River, WY is 0.70%, slightly higher than the state median of 0.65% but below the national median of 0.99%. With a median home value of $229,398 in Green River, the typical annual property tax bill amounts to $1,577, which is less than the national median of $2,690. Property taxes in Green River 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 Green River'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 Green River 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
Green River, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,606
$1,490
Ownwell’s Green River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Green River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Green River 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 Green River, Wyoming
Property taxes in Green River, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Green River is 0.70%, lower than the U.S. national median of 0.99%. Local government entities within Green River set these rates annually, and they can vary significantly across different neighborhoods. Each year, Green River 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 Green River's effective property tax rate to other areas in Sweetwater County and the national median. For comparison, the 82935 zip code has the highest median property tax rate of 0.70%, while the 82938 zip code has the lowest median tax rate of 0.62%. Understanding how these areas compare with Green River provides valuable insights into the varying tax landscape across Sweetwater County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Green River Tax Rate
0.70%
Average Sweetwater County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Green River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82935 | 0.58% | 0.70% | 0.70% | 0.70% | 0.70% |
| 82938 | 0.62% | 0.62% | 0.62% | 0.62% | 0.62% |
Source: Ownwell
Property Tax Assessment Values Across Green River, Wyoming
In Green River, 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 Sweetwater 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 Green River, 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 zip code with the highest median tax bill is 82938 at $2,702, while the lowest is 82935 at $1,576. Being aware of these valuation processes in Green River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Green River Assessed Value
$229,398
Average Sweetwater County Assessed Value
$192,526
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Green River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82935 | $12,333 | $122,120 | $229,387 | $287,337 | $369,588 |
| 82938 | $434,489 | $434,489 | $434,489 | $434,489 | $434,489 |
Source: Ownwell
Property Tax Bills Across Green River, Wyoming
In Green River, located in Sweetwater County, WY, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Various factors, such as the size, location, and condition of the property, influence this assessment. The median home price in Green River is $229,398. Homeowners in the 25th percentile of tax bills pay around $831 annually, while those in the 75th percentile face bills of approximately $1,980. For the top 10% of property tax bills, the amount can reach as high as $2,566. The highest median tax bill in the area is $2,702 in the 82938 zip code, whereas the lowest median tax bill is $1,576 in the 82935 zip code. Compared to the national median property tax rate of 0.99%, homeowners in Green River experience varying tax burdens depending on their property's assessed value and location within the county. Understanding these factors can help homeowners anticipate and manage their annual property tax expenses effectively.
Average Green River Tax Bill
$1,577
Average Sweetwater County Tax Bill
$1,311
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Green River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82935 | $73 | $830 | $1,576 | $1,980 | $2,563 |
| 82938 | $2,702 | $2,702 | $2,702 | $2,702 | $2,702 |
Source: Ownwell