Property Taxes in Wyoming
Wyoming's property tax runs real, current, and genuinely among the lowest in the country -- a statewide effective rate this record anchors at approximately 0.53% (Tax Foundation), roughly 38% below the national average -- though this record discloses that Wyoming's property tax is administered by county, producing real, and genuinely counterintuitive, variation a statewide average alone does not capture.
Thinking about moving to Wyoming?
We can connect you with a local real estate professional who knows the area -- no pressure, just a starting point.
Learn moreA genuinely low statewide rate, and its real, narrow cross-source range
This pass's research, consistent with wyoming.js's own tax disclosure, found Wyoming's statewide average effective property tax rate figures clustering closely at approximately 0.53% (Tax Foundation, the figure this record anchors on for cross-state comparability) to 0.57% across other 2026 sources reviewed, with a wider county-level range of 0.26% (lowest) to 0.72% (highest). That anchor figure runs roughly 38% below the approximately 0.91%-0.92% national average this dataset has cited elsewhere for other states -- a real, substantial, not merely marginal, gap. Wyoming assesses residential property at 9.5% of fair market value, with total residential mill levies (the combined rate of all local taxing districts) ranging roughly 65-80 mills statewide.
A genuinely counterintuitive county-level picture: Teton County's low rate hides its highest bills
This pass's supplemental research found a real, disclosed 2026 county-specific picture across four of Wyoming's most populous or notable counties: Laramie County (Cheyenne) at approximately 0.58% effective (median $1,893/year bill), Albany County (Laramie) at approximately 0.57% effective (median $1,846/year), Natrona County (Casper) at approximately 0.62% effective (median $1,608/year), and Teton County (Jackson) at approximately 0.40% effective -- genuinely the LOWEST of the four named counties. But Teton County carries by far the HIGHEST median annual property tax bill of the four, at $5,462/year, a real, disclosed, and genuinely counterintuitive contrast: that low rate applied against Teton County's extreme home values (a real, record $2.995 million H1 2026 median sale price) still produces the state's largest tax bills in dollar terms. A prospective buyer or mover should confirm the current, specific rate AND total dollar bill for any target county directly, given this real local variation.
What this means alongside Wyoming's other, genuinely low taxes
Wyoming's genuinely low property tax sits alongside a real, constitutionally absolute lack of any state individual income tax, and a real, current combined sales tax rate this dataset anchors at approximately 5.36%-5.39% -- genuinely below the roughly 7% national combined average outside Jackson Hole specifically. See the income-taxes and sales-tax topics for the fuller picture. Wyoming's overall tax structure -- genuinely low across every major category this record tracks -- drove the Tax Foundation's own #1-nationally 2026 State Tax Competitiveness Index ranking, though this record discloses directly that this favorable picture depends substantially on volatile mineral-extraction severance-tax revenue rather than a broad-based, more stable tax structure.
Homeowners insurance is a separate, real cost -- and runs genuinely favorable too
A prospective Wyoming buyer should budget property tax alongside a separate, real cost that also runs genuinely BELOW the national average: homeowners insurance, a real, disclosed $1,805-$2,396/year statewide spread, framed by one source as approximately 28% below the national average. Neither figure alone tells the full ownership-cost picture, and standard homeowners policies typically exclude flood damage -- see the homeowners-insurance topic for the fuller disclosure.
Key takeaways
- Wyoming's statewide effective property tax rate runs approximately 0.53% (Tax Foundation), roughly 38% below the national average -- among the lowest rates in the country.
- Property tax varies meaningfully by county -- Teton County (Jackson) carries the lowest rate (~0.40%) of four named counties but the highest median bill ($5,462/year), because that low rate applies against Teton's extreme home values.
- Wyoming assesses residential property at 9.5% of fair market value, with total residential mill levies ranging roughly 65-80 mills statewide -- confirm your target county's current rate and total dollar bill directly.
- Wyoming's property tax sits within a genuinely favorable overall tax structure alongside a constitutional lack of income tax and a low combined sales tax, driving the state's #1-nationally 2026 tax-competitiveness ranking.
Want to know what your budget buys in Wyoming?
Tell us a bit about what you're looking for and we'll connect you with someone local who can walk you through real numbers.
Get local guidanceRead the full Wyoming overview for the complete picture, or explore individual cities and towns we've researched.
Planning a move to Wyoming?
Tell us what you're looking for and we'll connect you with a local expert who can help you make it happen.
Talk to a local expert