Free property tax calculator tailored for Wyoming (WY). Calculate instantly with state-specific rates and rules.
Wyoming has an effective property tax rate of 0.55%, producing an average annual bill of $1,380. The US national average is 1.07% — Wyoming's rate is well below, placing it at rank #9 out of 50 states (rank 1 = lowest).
Wyoming assesses residential property at 9.5% of fair market value. Fair market value is determined by county assessors and updated annually. The 9.5% ratio is one of the lowest in the nation, keeping taxable values far below market.
The Veterans' Property Tax Exemption provides a $3,000 reduction in assessed value for qualifying veterans. Elderly and disabled homeowners may qualify for additional state assistance programs.
No statewide cap on assessment increases. Wyoming's energy revenues (oil, gas, coal) fund a significant share of state services, reducing the property tax burden compared to states reliant solely on property and income taxes.
Wyoming has no personal income tax and no corporate income tax. Energy sector revenues have historically subsidized public services. Jackson Hole (Teton County) has the highest home values in the state, generating very high dollar bills despite the low effective rate.
The median home value in Wyoming is $290,000. Teton County (Jackson Hole) is one of the most expensive markets in the US, with median home prices exceeding $2M. Casper and Cheyenne are far more affordable. The energy sector drives economic cycles across much of the state. At the 0.55% effective rate, a homeowner at the median value pays roughly $1,380/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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