Powell, Big Horn County, Wyoming Property Taxes

Name: Property Tax Bills Across Powell, Big Horn County, Wyoming
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Powell, WY effective property tax rate: 0.61%, significantly lower than the national median of 1.02%, but lower than the Wyoming state median of 0.65%.
Median Powell, WY home value: $546,506
Median annual Powell, WY tax bill: $3,338, $938 higher than the national median property tax bill of $2,400.

How are property taxes in Big Horn calculated?

Property taxes in Powell, WY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Powell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Powell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Powell, Big Horn County, Wyoming Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.61%

Estimate Property Tax Bill

$3,334

$3,094

Ownwell’s Powell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Powell with just two data points. By entering your property's estimated assessed value, our calculator applies Powell’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Big Horn County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Powell, Big Horn County, Wyoming

Local government entities determine tax rates, which can differ significantly across a state. Each year, counties estimate the budget needed to provide essential services and divide it by the total value of all taxable properties within their boundaries. This calculation establishes the property tax rate. While voters and legislation play roles in setting these rates and budgets, this is the core of the annual process. In Powell, located in Big Horn County, Wyoming, the effective property tax rate stands out when compared to other cities within the state. Wyoming's median property tax rate is 0.61%, which is notably lower than the national median property tax rate of 1.02%. This means homeowners in Powell, and Wyoming at large, often enjoy a lighter property tax burden compared to the national average. Understanding these variations can help property owners make informed decisions about their investments and potential tax liabilities.

Property Tax Rates Across Powell, Big Horn County, Wyoming

Source: Ownwell

0.56%

0.61%

0.65%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Powell Tax Rate

0.61%

Median Effective Big Horn County Tax Rate

0.60%

Median Effective Wyoming Tax Rate

0.65%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Powell, Big Horn County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
82435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Powell, Big Horn County, Wyoming

When examining property taxes in Powell, Wyoming, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Big Horn County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Big Horn County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Powell. For example, the median home price in Powell is $546,506, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Powell, Big Horn County, Wyoming

Source: Ownwell

$83,554

$231,194

$378,834

Median Powell Market Value

$546,506

Median Big Horn County Market Value

$158,659

Median Wyoming Market Value

$247,958

Median United States Market Value

$235,294

Property Tax Assessment Values Across Powell, Big Horn County, Wyoming

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
82435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Powell, Big Horn County, Wyoming

In Powell, located in Big Horn County, Wyoming, property tax bills are determined by applying the county's tax rate to the assessed value of a property. The assessed value is a percentage of the property's market value, which is determined by the local assessor. Homeowners in Powell typically face a property tax bill around $3,338, which is significantly above the national median property tax bill of $2,400. This higher tax bill can be attributed to the median home price in Powell, which stands at $546,506. The property tax rate in the area is a crucial factor in determining the final tax bill, impacting homeowners' financial responsibilities.

For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By leveraging local knowledge and expertise, Ownwell assists homeowners in challenging their property's assessed value, potentially leading to a reduction in their tax bill. This service can be especially beneficial for those who feel their property has been overvalued, offering a path to significant savings and financial relief.

Property Tax Bills Across Powell, Big Horn County, Wyoming

Source: Ownwell

$514

$1,369

$2,224

Median Powell Tax Bill

$3,338

Median Big Horn County Tax Bill

$957

Median Wyoming Tax Bill

$1,635

Median United States Tax Bill

$2,400

Property Tax Bills Across Powell, Big Horn County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
82435	N/A	N/A	N/A	N/A	N/A

Source: Ownwell