Four Corners, Wyoming Property Taxes
The median property tax rate in Four Corners, Wyoming, is 0.69%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With a median home value of $146,374, the typical annual property tax bill in Four Corners is $961, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which is often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Four Corners' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Four Corners or another part of Weston County, being well-versed in the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Four Corners, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$1,010
Ownwell’s Four Corners Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Four Corners with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Four Corners 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 Four Corners, Wyoming
Property taxes in Four Corners, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Four Corners is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Four Corners set these rates annually, and they can vary significantly across different neighborhoods. Each year, Four Corners 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 Four Corners' effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82715 in Weston County has the highest median property tax rate of 0.69%, while the same zip code also has the lowest median tax rate of 0.69%. Understanding how these areas compare with Four Corners provides valuable insights into the varying tax landscape across Weston County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Four Corners Tax Rate
0.69%
Average Weston County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Four Corners, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82715 | 0.57% | 0.65% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Four Corners, Wyoming
In Four Corners, 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 Weston 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. 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. The median home price in Four Corners is $146,374, and the tax bills range from $720 at the 25th percentile to $3,125 at the 90th percentile. The zip code 82715 has both the highest and lowest median tax bill of $961. Understanding these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Four Corners Assessed Value
$146,374
Average Weston County Assessed Value
$107,713
Average Wyoming Assessed Value
$247,958
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Four Corners, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82715 | $81,183 | $120,674 | $146,374 | $250,042 | $500,559 |
Source: Ownwell
Property Tax Bills Across Four Corners, Wyoming
In Four Corners, property tax bills are determined by assessing the value of your home and applying the local tax rate to this assessed value. For homeowners in Weston County, the median home price is $146,374. The tax bill for a property in the 25th percentile is around $720, while those in the 75th percentile can expect to pay about $1,722. For higher-valued homes in the 90th percentile, the tax bill can reach up to $3,125. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The assessed value is generally a percentage of the market value of the home. Compared to the national median property tax rate of 0.99%, Four Corners offers a competitive rate, making it an appealing option for homeowners. Understanding these factors can help homeowners in Four Corners better anticipate their property tax obligations and plan their finances accordingly.
Average Four Corners Tax Bill
$961
Average Weston County Tax Bill
$742
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Four Corners, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82715 | $506 | $720 | $961 | $1,722 | $3,125 |
Source: Ownwell