Lonetree, Wyoming Property Taxes
The median property tax rate in Lonetree, Wyoming is 0.60%, which is considerably lower than both the national median of 0.99% and the Wyoming state median of 0.65%. With a median home value of $393,104 in Lonetree, the typical annual property tax bill reaches $2,356, falling below the national median of $2,690. Property taxes in Lonetree are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lonetree'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 Lonetree 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
Lonetree, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$2,359
$2,189
Ownwell’s Lonetree Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lonetree with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lonetree 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 Lonetree, Wyoming
Property taxes in Lonetree, Wyoming, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lonetree is 0.60%, lower than both the Wyoming state median and the U.S. national median of 0.99%. Local government entities within the city set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lonetree 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 Lonetree's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82936 zip code has the highest median property tax rate of 0.60%, while the same zip code also has the lowest median tax rate of 0.60%. Understanding how these cities compare with Lonetree 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 Lonetree Tax Rate
0.60%
Average Uinta County Tax Rate
0.65%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lonetree, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82936 | 0.60% | 0.60% | 0.60% | 0.60% | 0.60% |
Source: Ownwell
Property Tax Assessment Values Across Lonetree, Wyoming
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lonetree, 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 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. In Lonetree, 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 82936 has the highest median tax bill at $2,356, while the lowest median tax bill is also $2,356 in the same zip code. Being aware of these valuation processes in Lonetree helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lonetree Assessed Value
$393,104
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 Lonetree, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82936 | $86,228 | $233,189 | $393,104 | $591,114 | $874,870 |
Source: Ownwell
Property Tax Bills Across Lonetree, Wyoming
In Lonetree, Uinta County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to determine the tax bill. Factors influencing the tax bill include the home's market value, local assessment ratios, and the tax rate set by local taxing authorities. For example, with a median home price of $393,104, homeowners in Lonetree can expect varying tax bills. The tax bill at the 25th percentile is $1,397, while at the 75th percentile, it rises to $3,542. At the 90th percentile, it can go up to $5,242. These figures indicate that property taxes can significantly impact household budgets, depending on the home's value and the specific tax rate applied. Compared to the national median property tax rate of 0.99%, Lonetree's tax rates and resulting bills reflect the unique economic and policy environment of Uinta County. Homeowners should be aware of these factors to effectively manage their property tax obligations.
Average Lonetree Tax Bill
$2,356
Average Uinta County Tax Bill
$1,317
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Lonetree, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82936 | $517 | $1,397 | $2,356 | $3,542 | $5,242 |
Source: Ownwell