What are property taxes like here?
Question & Answer about Wyoming
Updated April 29, 2026
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Wyoming State Facts
State Flag
Wyoming
Capital
Cheyenne
State Bird
Western Meadowlark
Statehood
July 10, 1890
State Flower
Indian Paintbrush
Population
580,000 (2020)
Answer
Property taxes in Wyoming are relatively low compared to national averages, making the state attractive for homeowners and businesses. As of 2026, Wyoming's property tax rates vary by county but generally range from about 0.5% to 0.7% of a property's assessed value. The state uses an assessment ratio, typically 9.5% for residential properties, meaning the taxable value is a fraction of the market value. This results in low effective property tax bills, especially in rural areas. Wyoming also benefits from its mineral wealth, which helps fund state and local budgets, reducing reliance on property taxes.
The state’s property tax system supports local governments and schools without imposing heavy burdens on property owners. In cities like Cheyenne and Casper, property tax rates might be slightly higher than in more rural counties but remain competitive nationwide. Wyoming does not have a state property tax, and various exemptions or reductions may apply, such as for veterans or seniors. Overall, the modest tax rates contribute to Wyoming’s reputation as tax-friendly, supporting its economy that includes energy, agriculture, and tourism sectors.
Key Points:
- Wyoming’s property tax rates generally range from 0.5% to 0.7% as of 2026.
- The state uses a 9.5% assessment ratio for residential property valuations.
- Local governments rely on property taxes but rates remain low statewide.
Wyoming’s low property taxes are a financial advantage for residents and investors.
The state’s property tax system supports local governments and schools without imposing heavy burdens on property owners. In cities like Cheyenne and Casper, property tax rates might be slightly higher than in more rural counties but remain competitive nationwide. Wyoming does not have a state property tax, and various exemptions or reductions may apply, such as for veterans or seniors. Overall, the modest tax rates contribute to Wyoming’s reputation as tax-friendly, supporting its economy that includes energy, agriculture, and tourism sectors.
Key Points:
- Wyoming’s property tax rates generally range from 0.5% to 0.7% as of 2026.
- The state uses a 9.5% assessment ratio for residential property valuations.
- Local governments rely on property taxes but rates remain low statewide.
Wyoming’s low property taxes are a financial advantage for residents and investors.
