Osage, Wyoming Property Taxes
The median property tax rate in Osage, Wyoming is 0.66%, slightly higher than the state median of 0.65% but lower than the national median of 0.99%. With the median home value in Osage at $29,286, the typical annual property tax bill is $184, significantly below the national median of $2,690. Property taxes in Osage are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Osage'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 Osage or another part of Weston County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Osage, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.66%
Estimate Property Tax Bill
$193
Ownwell’s Osage Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osage with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osage 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 Osage, Wyoming
Property taxes in Osage, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osage is 0.66%, which is lower than the U.S. national median of 0.99%. Local government entities within Osage set these rates annually, and they can vary significantly across different neighborhoods. Each year, Osage 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 Osage's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82723 has a median property tax rate of 0.66%, matching Osage's rate. Understanding how these areas compare with Osage 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 Osage Tax Rate
0.66%
Average Weston County Tax Rate
0.69%
Average Wyoming Tax Rate
0.65%
Average United States Tax Rate
0.99%
Property Tax Rates Across Osage, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82723 | 0.57% | 0.58% | 0.66% | 0.66% | 0.66% |
Source: Ownwell
Property Tax Assessment Values Across Osage, Wyoming
In Osage, 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. In Osage, 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 Osage helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills are both $184.00 in zip code 82723, making it essential for residents to stay informed and proactive.
Average Osage Assessed Value
$29,286
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 Osage, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82723 | $6,199 | $10,954 | $29,286 | $75,760 | $158,683 |
Source: Ownwell
Property Tax Bills Across Osage, Wyoming
In Osage, Weston County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is a percentage of the market value, reflecting the property's worth in the current real estate market. Homeowners in Osage can expect varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price in Osage is $29,286. Property tax bills in the area range significantly, with the 25th percentile at $68 and the 75th percentile reaching $493. The 90th percentile sees tax bills as high as $1,007. This variability highlights how different factors, such as property improvements and neighborhood changes, influence tax amounts. Compared to the national median property tax rate of 0.99%, Osage homeowners may find their property tax obligations relatively manageable. However, understanding these factors helps homeowners anticipate their annual tax liabilities and plan accordingly.
Average Osage Tax Bill
$184
Average Weston County Tax Bill
$742
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Osage, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82723 | $38 | $68 | $184 | $493 | $1,007 |
Source: Ownwell