Moose, Wyoming Property Taxes
The median property tax rate in Moose, WY is 0.53%, significantly lower than both the national median of 0.99% and the Wyoming state median of 0.65%. Given the median home value in Moose, the typical annual property tax bill amounts to $9,693, which is substantially higher than the national median of $2,690. Property taxes in Moose are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including primary residence and agricultural exemptions. Understanding Moose'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 Moose or another part of Teton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Moose, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.53%
Estimate Property Tax Bill
$9,618
$8,925
Ownwell’s Moose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Moose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Moose 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 Moose, Wyoming
Property taxes in Moose, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Moose is 0.53%, significantly lower than the U.S. national median of 0.99%. Local government entities within Moose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Moose 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 Moose's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 83012 zip code has the highest median property tax rate of 0.53%, while the same zip code also has the lowest median tax rate of 0.53%. Understanding how these cities compare with Moose provides valuable insights into the varying tax landscape across Teton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Moose Tax Rate
0.53%
Average Teton County Tax Rate
0.53%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Moose, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83012 | 0.53% | 0.53% | 0.53% | 0.53% | 0.53% |
Source: Ownwell
Property Tax Assessment Values Across Moose, Wyoming
In Moose, 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 Teton 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 Moose, 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. The median home price in Moose is $1,814,643, with tax bills ranging from $7,645 at the 25th percentile to $25,496 at the 90th percentile. The highest and lowest median tax bills are both $9,693, found in the zip code 83012. 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 Moose helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Moose Assessed Value
$1,814,643
Average Teton County Assessed Value
$2,024,966
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Moose, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83012 | $1,205,394 | $1,431,156 | $1,814,643 | $3,427,734 | $4,773,039 |
Source: Ownwell
Property Tax Bills Across Moose, Wyoming
In Moose, Teton County, WY, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor's office. The assessed value typically represents a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the tax bill. For instance, with a median home price of $1,814,643, homeowners can expect varied tax bills depending on their property's assessed value and the applicable local tax rates. Factors such as property location, size, and improvements are considered in the assessment process. Homeowners in Moose can see tax bills ranging from the 25th percentile at $7,645 to the 75th percentile at $18,310, with the 90th percentile reaching up to $25,496. The highest and lowest median tax bills both stand at $9,693 in the zip code 83012. This variability significantly impacts homeowners, influencing their annual financial planning and potentially affecting property values in the region.
Average Moose Tax Bill
$9,693
Average Teton County Tax Bill
$11,160
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Moose, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 83012 | $6,439 | $7,645 | $9,693 | $18,310 | $25,496 |
Source: Ownwell