Superior, Wyoming Property Taxes
The median property tax rate in Superior, WY is 0.69%, slightly higher than the state median of 0.65% but still below the national median of 0.99%. With the median home value in Superior at $18,490, the typical annual property tax bill amounts to $116, significantly lower than the national median of $2,690. Property taxes in Superior are assessed based on the tax assessed value, which is often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Superior's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Superior or another part of Sweetwater County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Superior, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$128
$118
Ownwell’s Superior Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Superior with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Superior 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 Superior, Wyoming
Property taxes in Superior, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Superior is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Superior set these rates annually, and they can vary significantly across different neighborhoods. Each year, Superior 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 Superior's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82945 zip code has both the highest and lowest median property tax rate of 0.69%. Understanding how these cities compare with Superior provides valuable insights into the varying tax landscape across Sweetwater, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Superior Tax Rate
0.69%
Average Sweetwater County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Superior, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82945 | 0.57% | 0.64% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Superior, Wyoming
In Superior, 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 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 Superior, 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. For instance, the highest median tax bill in the area is $116.00 in zip code 82945, while the lowest is also $116.00 in the same zip code. 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 Superior helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Superior Assessed Value
$18,490
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 Superior, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82945 | $4,738 | $8,333 | $18,490 | $44,068 | $78,452 |
Source: Ownwell
Property Tax Bills Across Superior, Wyoming
In Superior, Sweetwater County, WY, property tax bills are calculated based on the assessed value of a property, which is a percentage of its market value. The median home price in Superior is $18,490. The property tax rate in this area is applied to the assessed value to determine the annual tax bill. For example, homeowners in Superior can expect a tax bill ranging from $49 at the 25th percentile to $540 at the 90th percentile, with the median tax bill being $116. Factors such as property location, improvements, and market conditions influence the assessed value. These property taxes fund essential services like public schools, infrastructure maintenance, and emergency services, directly impacting homeowners by ensuring community development and safety. Compared to the national median property tax rate of 0.99%, Superior’s tax rates are relatively low, making it a cost-effective place for property ownership while still contributing to the local community’s needs.
Average Superior Tax Bill
$116
Average Sweetwater County Tax Bill
$1,311
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Superior, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82945 | $31 | $49 | $116 | $291 | $540 |
Source: Ownwell