Bear River, Wyoming Property Taxes
The median property tax rate in Bear River, Wyoming is 0.65%, which is lower than the national median of 0.99% and matches the Wyoming state median of 0.65%. With the median home value in Bear River at $267,598, the typical annual property tax bill reaches $1,972, falling below the national median of $2,690. Property taxes in Bear River are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bear 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 Bear 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
Bear River, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.65%
Estimate Property Tax Bill
$1,739
Ownwell’s Bear River Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bear River with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bear 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 Bear River, Wyoming
Property taxes in Bear River, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bear River is 0.61%, which is significantly lower than both the Wyoming state median of 0.61% and the U.S. national median of 0.99%. Local government entities within Bear River set these rates annually, and they can vary across different neighborhoods. Each year, Bear 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 Bear River's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82930 zip code has the highest median property tax rate of 0.61%, while the same zip code also has the lowest median tax rate of 0.61%. Understanding how these cities compare with Bear River provides valuable insights into the varying tax landscape across Uinta County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bear River Tax Rate
0.65%
Average Uinta County Tax Rate
0.65%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bear River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82930 | 0.65% | 0.65% | 0.65% | 0.65% | 0.65% |
Source: Ownwell
Property Tax Assessment Values Across Bear River, Wyoming
In Bear 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 Uinta County Assessor's Office 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. 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 Bear River helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Bear River, the median home price is $267,598, with tax bills ranging from $515 at the 25th percentile to $3,753 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 82930, with a value of $1,972.
Average Bear River Assessed Value
$267,598
Average Uinta County Assessed Value
$195,156
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bear River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82930 | $28,836 | $75,541 | $267,598 | $390,347 | $549,949 |
Source: Ownwell
Property Tax Bills Across Bear River, Wyoming
Property tax bills in Bear River, Uinta County, WY, are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and this figure is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $267,598, homeowners can expect a tax bill that varies significantly. At the 25th percentile, the tax bill is around $515, while at the 75th percentile, it can reach up to $2,563, and at the 90th percentile, it can go as high as $3,753. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Bear River's tax rates can be quite variable, reflecting the diverse property values and economic conditions in the area. Homeowners in Bear River need to be aware of these factors as they can significantly impact their annual financial planning.
Average Bear River Tax Bill
$1,972
Average Uinta County Tax Bill
$1,317
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Bear River, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82930 | $215 | $515 | $1,972 | $2,563 | $3,753 |
Source: Ownwell