Upton, Wyoming Property Taxes
The median property tax rate in Upton, 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 $84,519, the typical annual property tax bill in Upton is around $572, significantly below the national median of $2,690. Property taxes in Upton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Upton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Upton or another part of Weston County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Upton, Wyoming Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.69%
Estimate Property Tax Bill
$583
$541
Ownwell’s Upton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Upton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Upton 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 Upton, Wyoming
Property taxes in Upton, Wyoming, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Upton is 0.55%, which is lower than both the Wyoming state median of 0.58% and the U.S. national median of 0.99%. Local government entities within Upton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upton 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 Upton's effective property tax rate to other counties in Wyoming and the national median. For comparison, the 82730 zip code has the highest median property tax rate of 0.55%, while the same zip code also has the lowest median tax rate of 0.55%. Understanding how these cities compare with Upton 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 Upton 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 Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | 0.58% | 0.62% | 0.69% | 0.74% | 0.74% |
Source: Ownwell
Property Tax Assessment Values Across Upton, Wyoming
In Upton, 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 Upton, 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 Upton is $84,519, with tax bills ranging from $158 at the 25th percentile to $1,675 at the 75th percentile, and $2,772 at the 90th percentile. The highest and lowest median tax bill is $572, both found in the 82730 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities to protest assessments or apply for exemptions, effectively managing their tax burden.
Average Upton Assessed Value
$84,519
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 Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | $11,501 | $22,274 | $84,519 | $234,336 | $397,869 |
Source: Ownwell
Property Tax Bills Across Upton, Wyoming
In Upton, Weston County, WY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Upton, the median home price is $84,519, and the property tax rate is 0.68%, which is significantly lower than the national median of 0.99%. Factors that influence the assessed value include the home's market value, improvements made to the property, and comparable sales in the area. Homeowners in Upton can expect to pay a wide range of property tax bills, with the 25th percentile at $158 and the 75th percentile at $1,675. The highest median tax bill recorded is $572, which is the same across the entire zip code 82730. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Upton Tax Bill
$572
Average Weston County Tax Bill
$742
Average Wyoming Tax Bill
$1,635
Average United States Tax Bill
$2,690
Property Tax Bills Across Upton, Wyoming
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 82730 | $77 | $158 | $572 | $1,675 | $2,772 |
Source: Ownwell