Property Taxes in Wyoming
Wyoming's effective property tax rate is 0.55%, ranking #14 out of 50 states (1 = lowest). The median annual property tax paid is $1,458.
Wyoming's property tax rates are among the lowest in the nation, with the state assessing residential property at 9.5% of fair market value and applying local mill levies to that assessed value. The combination of low assessment ratios and moderate mill levies results in effective rates well below 1% of market value in most areas. Wyoming does not offer a traditional homestead exemption for the general population, but property tax refund programs are available for qualifying elderly, disabled, and veteran homeowners. The state's reliance on mineral severance taxes for revenue reduces the pressure on property taxes.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.55%
Median Annual Tax
$1,458
National Rank
#14 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $1,100 | $92 |
| $300,000 | $1,650 | $138 |
| $400,000 | $2,200 | $183 |
| $500,000 | $2,750 | $229 |
| $750,000 | $4,125 | $344 |
* Based on the average effective rate of 0.55%. Actual rates vary by county and municipality.
Homestead Exemption in Wyoming
Up to $40,000
File for the homestead exemption after purchasing your primary residence in Wyoming to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How Wyoming Compares
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