Medicine Bow, Carbon County, Wyoming Property Taxes

Name: Property Tax Bills Across Medicine Bow, Carbon County, Wyoming
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Medicine Bow, WY effective property tax rate: 0.57%, significantly lower than the national median of 1.02%, but lower than the Wyoming state median of 0.65%.
Median Medicine Bow, WY home value: $40,300
Median annual Medicine Bow, WY tax bill: $242, $2,158 lower than the national median property tax bill of $2,400.

How are property taxes in Carbon County calculated?

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

Last Updated March 1, 2025

Medicine Bow, Carbon County, Wyoming Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.65%

Estimate Property Tax Bill

$272

$252

Ownwell’s Medicine Bow Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Medicine Bow with just two data points. By entering your property's estimated assessed value, our calculator applies Medicine Bow’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 Carbon County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Medicine Bow, Carbon County, Wyoming

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Medicine Bow in Carbon County, Wyoming, features an effective property tax rate of 0.57%. This is significantly lower than the national median property tax rate of 1.02%. Such a low rate makes Medicine Bow an attractive destination for property owners looking to minimize their tax burden. Compared to other cities in Wyoming, Medicine Bow maintains a competitive edge with its favorable tax rate. The state's median property tax rate aligns with Medicine Bow's, making it consistent across the region.

For prospective property buyers or current homeowners, the appealing tax rates in Medicine Bow can lead to substantial savings, especially when compared to the national landscape. The low property tax burden in this area can enhance the appeal of investing in real estate, offering a cost-effective solution for those seeking to maximize their investment returns.

Property Tax Rates Across Medicine Bow, Carbon County, Wyoming

Source: Ownwell

0.51%

0.65%

0.78%

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 Medicine Bow Tax Rate

0.65%

Median Effective Carbon County Tax Rate

0.65%

Median Effective Wyoming Tax Rate

0.65%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Medicine Bow, Carbon County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
82329	0.33%	0.48%	0.65%	0.67%	0.68%

Source: Ownwell

Property Tax Assessment Values Across Medicine Bow, Carbon County, Wyoming

When examining property taxes in Medicine Bow, WY, 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 Carbon County Assessor's Office 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 Carbon 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 Medicine Bow. For example, the median home price in Medicine Bow is $40,300, with tax bills ranging significantly across the county. Zip code 82329 has the highest median home price at $40,300.

Property Tax Assessment Values Across Medicine Bow, Carbon County, Wyoming

Source: Ownwell

$39,550

$146,232

$252,914

Median Medicine Bow Market Value

$41,807

Median Carbon County Market Value

$142,524

Median Wyoming Market Value

$260,753

Median United States Market Value

$235,294

Property Tax Assessment Values Across Medicine Bow, Carbon County, Wyoming

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
82329	$8,783	$16,231	$41,807	$96,432	$140,202

Source: Ownwell

Property Tax Bills Across Medicine Bow, Carbon County, Wyoming

In Medicine Bow, located in Carbon County, WY, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value, impacting the final tax bill. The median property tax bill in Medicine Bow is $242, significantly lower than the national median of $2,400. This relatively low tax burden can be advantageous for homeowners, but it also means that even small reductions in assessed value can lead to meaningful savings. Ownwell offers expertise in property tax appeals and exemptions, helping homeowners ensure their property is fairly assessed. By reviewing property assessments and identifying potential errors or opportunities for exemptions, Ownwell can assist homeowners in reducing their tax bills, ensuring they are not overpaying and helping them to maximize their savings.

Property Tax Bills Across Medicine Bow, Carbon County, Wyoming

Source: Ownwell

$230

$897

$1,564

Median Medicine Bow Tax Bill

$230

Median Carbon County Tax Bill

$927

Median Wyoming Tax Bill

$1,712

Median United States Tax Bill

$2,400

Property Tax Bills Across Medicine Bow, Carbon County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
82329	$49	$95	$230	$514	$869

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Appeal Deadline	May 27

Links
Carbon Tax Assessor
Website	www.carboncountywy.gov