Sundance, Wyoming Property Taxes
The median property tax rate in Sundance, WY is 0.69%, slightly higher than the Wyoming state median of 0.65% but below the national median of 0.99%. With the median home value in Sundance at $474,434, the typical annual property tax bill reaches $3,066, surpassing the national median of $2,690. Property taxes in Sundance are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sundance'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 Sundance 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
Sundance, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$3,274
Ownwell’s Sundance Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sundance with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sundance 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 Sundance, Wyoming
Property taxes in Sundance, Wyoming, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sundance is 0.69%, which is lower than the U.S. national median of 0.99%. Local government entities within Sundance set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sundance 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 Sundance's effective property tax rate to other counties in Wyoming and the national median. For comparison, the zip code 82729 has both the highest and lowest median property tax rate of 0.69%. Understanding how these areas compare with Sundance 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 Sundance 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 Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82729 | 0.64% | 0.68% | 0.69% | 0.69% | 0.69% |
Source: Ownwell
Property Tax Assessment Values Across Sundance, Wyoming
In Sundance, 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 Sundance, 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. The median home price in Sundance is $474,434, with the 25th percentile tax bill at $2,543 and the 75th percentile tax bill at $3,340. 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 Sundance helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sundance Assessed Value
$474,434
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 Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82729 | $350,214 | $369,270 | $474,434 | $514,197 | $549,847 |
Source: Ownwell
Property Tax Bills Across Sundance, Wyoming
In Sundance, located in 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 property's market value. For instance, with a median home price of $474,434, the assessed value forms the basis for calculating the property tax. The property tax rate in Sundance is then applied to this assessed value to determine the annual tax bill. Several factors influence this calculation, including the local tax rate, property characteristics, and any applicable exemptions or deductions. Homeowners in Sundance can expect their property tax bills to vary within a range. For example, the 25th percentile tax bill is around $2,543, while the 75th percentile reaches $3,340, and the 90th percentile peaks at $3,593. Comparatively, Sundance's property tax bills are influenced by regional market values and local tax rates, which can significantly impact homeowners' annual expenses. Understanding these factors can help homeowners better anticipate their financial obligations.
Average Sundance Tax Bill
$3,066
Average Weston County Tax Bill
$742
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Sundance, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82729 | $2,409 | $2,543 | $3,066 | $3,340 | $3,593 |
Source: Ownwell