Washakie County Property Taxes
The median property tax rate in Washakie County is 0.72%, which is lower than the national median of 0.99% but higher than the Wyoming state median of 0.65%. With a median home value of $187,653 in Washakie County, the typical annual property tax bill amounts to $1,315, which is well below the national median of $2,690. Property taxes in Washakie County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions, such as those for primary residences and agricultural properties. Understanding Washakie County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Worland or another part of Washakie County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Washakie County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.72%
Estimate Property Tax Bill
$1,351
$1,254
Ownwell’s Washakie County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Washakie County with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Washakie County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Washakie County, Wyoming
Property taxes in Washakie County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Washakie County is 0.72%, which is lower than the U.S. national median of 0.99%. Local government entities within Washakie County set these rates annually, and they can vary significantly between different areas within the county. Each year, Washakie County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Washakie County's effective property tax rate with other areas in Wyoming and the national median. For comparison, the city of Worland has one of the higher property tax rates in Wyoming at 0.72%, while the city of Ten Sleep boasts one of the lowest at 0.64%. Analyzing how Washakie County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Washakie County Tax Rate
0.72%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Washakie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ten Sleep | 0.62% | 0.64% | 0.64% | 0.68% | 0.69% |
| Thermopolis | 0.68% | 0.68% | 0.68% | 0.68% | 0.68% |
| Worland | 0.68% | 0.68% | 0.72% | 0.72% | 0.72% |
Source: Ownwell
Property Tax Assessment Values Across Washakie County, Wyoming
Understanding the difference between "market value" and "assessed value" is key to comprehending property taxes in Washakie County, WY. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Washakie County Appraisal District. The assessed value, however, 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 in Washakie County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. For instance, Ten Sleep has the highest median tax bill at $1,440, while Thermopolis has the lowest at $243. Being aware of these valuation processes in Washakie County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively.
Property Tax Assessment Values Across Washakie County, Wyoming
Source: Ownwell
$35,942
$129,482
$223,021
Average Washakie County Assessed Value
$187,653
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Washakie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ten Sleep | $37,918 | $94,184 | $223,021 | $366,252 | $719,156 |
| Thermopolis | $35,942 | $35,942 | $35,942 | $35,942 | $35,942 |
| Worland | $35,243 | $108,126 | $184,358 | $273,212 | $417,628 |
Source: Ownwell
Property Tax Bills Across Washakie County, Wyoming
In Washakie County, WY, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The median home price in the county is $187,653. Property tax rates are applied to this assessed value to calculate the annual tax bill. Factors like property location and local government budgets also influence the final amount. For instance, the median property tax bill in Ten Sleep is $1,440, significantly higher than in Thermopolis, where it stands at $243. This variation highlights how local factors can impact tax bills. Homeowners in Washakie County typically see property tax bills ranging from $743 at the 25th percentile to $1,961 at the 75th percentile, with the 90th percentile reaching up to $3,016. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they are prepared for their property tax responsibilities.
Average Washakie County Tax Bill
$1,315
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Washakie County, Wyoming
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Ten Sleep | $251 | $617 | $1,440 | $2,340 | $4,582 |
| Thermopolis | $243 | $243 | $243 | $243 | $243 |
| Worland | $248 | $764 | $1,299 | $1,925 | $2,843 |
Source: Ownwell