Introduction
Wyoming is known for its low property taxes, making it one of the most affordable states for homeowners. With an average property tax rate of just 0.57%, Wyoming has one of the lowest real estate tax burdens in the U.S.
This guide explains how Wyoming property taxes are calculated, payment deadlines, available exemptions, and how to lower your property tax bill.
How Are Property Taxes Calculated in Wyoming?
Property taxes in Wyoming are based on:
- Assessed Value – The county assessor determines your home’s market value and applies an assessment rate of 9.5% for residential properties.
- Mill Levy (Tax Rate) – Each county and local government sets a mill levy (tax rate), which typically ranges from 60 to 120 mills (1 mill = $1 per $1,000 of assessed value).
Example Property Tax Calculation
- Home Market Value: $300,000
- Assessed Value (9.5% of Market Value): $28,500
- Mill Levy: 70 mills (0.070)
- Property Tax Due: $28,500 × 0.070 = $1,995
Wyoming Property Tax Rates by County
| County | Average Property Tax Rate | Median Tax Paid |
|---|---|---|
| Teton County | 0.56% | $3,400 |
| Laramie County | 0.65% | $1,850 |
| Natrona County | 0.61% | $1,750 |
| Albany County | 0.57% | $1,600 |
| Campbell County | 0.54% | $1,500 |
Wyoming’s low tax rates make it an attractive state for homeowners, especially compared to high-tax states like California (0.76%) or New Jersey (2.49%).
When Are Property Taxes Due in Wyoming?
Wyoming property taxes are due in two installments:
- First Half: November 10, 2025
- Second Half: May 10, 2026
- Full Payment Option: December 31, 2025 (Avoids penalties)
Late payments result in interest charges of 18% per year.
Property Tax Exemptions & Relief Programs
Wyoming offers property tax relief for:
1. Senior & Low-Income Homeowners
- The Wyoming Property Tax Refund Program provides tax refunds for qualifying low-income residents.
- Must apply by June 30, 2025 through the county treasurer’s office.
2. Veteran Property Tax Exemption
- Honorably discharged veterans may reduce their home’s taxable value by $3,000.
3. Agricultural Property Tax Reduction
- Landowners using property for farming, ranching, or agriculture qualify for lower tax rates.
How to Reduce Your Wyoming Property Tax Bill
- Apply for exemptions – Check if you qualify for veteran or low-income exemptions.
- Verify property assessments – If your home’s assessed value is too high, you can appeal the assessment with the county assessor.
- Pay on time – Avoid interest penalties by paying before November 10 and May 10.
What Happens If You Don’t Pay Wyoming Property Taxes?
- Unpaid property taxes result in liens on your home, meaning the county can auction your property to recover unpaid taxes.
- Homeowners can redeem their property within four years by paying back taxes, interest, and penalties.
IRS Compliance & Property Tax Filing Considerations
- IRS Form 1040 (Schedule A) – Homeowners can deduct property taxes if they itemize deductions.
- IRS Standard Deduction (2025) – If property taxes plus other deductions don’t exceed $14,600 (single) or $29,200 (married), it may be better to take the standard deduction.
Conclusion
Wyoming homeowners enjoy some of the lowest property taxes in the U.S., but it’s important to pay on time, apply for exemptions, and verify assessments to keep tax costs low.
For expert property tax planning, schedule a meeting with our CPA Anshul Goyal by clicking at https://calendly.com/anshulcpa/ now.
Frequently Asked Questions (FAQs)
1. Are property taxes high in Wyoming?
No, Wyoming has one of the lowest property tax rates in the U.S. (0.57% average).
2. When are property taxes due in Wyoming?
Taxes are due in two installments: November 10 and May 10.
3. Can I deduct Wyoming property taxes on my federal return?
Yes, but only if you itemize deductions on Schedule A.
4. What happens if I don’t pay my Wyoming property taxes?
Unpaid taxes result in liens and possible property auctions if not paid within four years.
5. Should I hire a CPA for property tax planning?
Yes, a CPA can help reduce your tax bill, apply for exemptions, and ensure IRS compliance.
About Our CPA
Anshul Goyal, CPA EA FCA is a licensed Certified Public Accountant and an IRS Enrolled Agent (EA). He specializes in Wyoming property tax planning, IRS tax deductions, and real estate tax compliance.
Schedule a consultation today with Anshul Goyal, CPA, for expert property tax guidance.