Wyoming Property Tax Calculator
Calculate property taxes in Wyoming. WY effective property tax rate is 0.57% with a median home value of $310,000. Includes WY assessment ratios and exemptions.
Wyoming at a Glance
$310,000
Median Home Price
0.57%
Property Tax Rate
$1,600
Avg Home Insurance
$472,030
FHA Loan Limit
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Reviewed & Methodology
Every calculator is built using industry-standard formulas, validated against authoritative sources, and reviewed by a credentialed financial professional. State-specific data is sourced from official government publications.
Property Tax Calculator in Wyoming
The median home price in Wyoming is $310,000, which is 26% below the national average of $420,000. Wyoming's effective property tax rate of 0.57% is 0.53 percentage points lower than the national average of 1.1%.
| Metric | Wyoming (WY) | National Avg | vs National Average |
|---|---|---|---|
| Median Home Price | $310,000 | $420,000 | -26% |
| Property Tax Rate | 0.57% | 1.1% | -0.53% |
| Home Insurance (Annual) | $1,600 | $2,300 | -30% |
| State Sales Tax | 4% | 5% | -1.0% |
| FHA Loan Limit | $472,030 | $472,030 | Standard |
| Conforming Loan Limit | $766,550 | $766,550 | Standard |
Homeownership in Wyoming
Wyoming is one of the most tax-friendly states for homeowners -- no state income tax, no estate tax, and low property taxes at 0.57% on only 9.5% of assessed market value. However, the housing market is extremely bifurcated: Teton County (Jackson Hole) has one of the highest median home prices in the entire country, often cited above $2 million, while the rest of Wyoming remains very affordable. The oil, gas, and mineral industry drives the state's economy and local government budgets.
Tips for Wyoming Homebuyers and Homeowners
- Wyoming assesses residential property at 9.5% of market value -- one of the lowest assessment ratios in the country, meaning a $310,000 home has a taxable base of just $29,450.
- No state income tax, no corporate income tax, and no estate tax make Wyoming highly attractive for wealth planning -- the state has become a leading domicile for dynasty trusts and LLCs.
- Teton County (Jackson) operates in a completely separate market tier -- median prices above $2 million and extremely limited supply make it one of the least accessible housing markets in the U.S.
- Mineral rights in Wyoming can be worth more than the surface property -- when buying rural land, verify whether mineral rights convey with the sale or have been severed historically.
Wyoming Programs and Assistance
- Wyoming Community Development Authority (WCDA) HFA Advantage Loan -- conventional first mortgage at competitive rates for first-time and repeat buyers with income and purchase price limits.
- WCDA Home$tretch Down Payment Assistance Loan -- provides $15,000 in 0% interest second mortgage financing for buyers using a WCDA first mortgage.
- WCDA Spruce Up Program -- home improvement loans for existing homeowners at below-market rates, supporting rehabilitation of older housing stock.
Did you know? Wyoming's 9.5% residential assessment ratio is the second-lowest in the country after Louisiana's 10% -- combined with no state income tax, Wyoming homeowners outside of Teton County face one of the lowest total state-and-local tax burdens in the nation.