Park County, Wyoming Property Taxes

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

Median Park County effective property tax rate: 0.67%, significantly lower than the national median of 1.02%.
Median Park County home value: $362,988
Median annual Park County tax bill: $2,484, $84 higher than the national median property tax bill of $2,400.

How are property taxes in Park County calculated?

Property taxes in Park County 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 your county's property tax system, exemptions, and reduction opportunities can lead to significant savings. Whether you live in Cody or another part of Park County, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Park County, Wyoming Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.67%

Estimate Property Tax Bill

$2,432

$2,257

Ownwell’s Park County Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Park County with just two data points.

By entering your property's estimated assessed value, our calculator applies Park County’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 more 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 Park County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Park County, Wyoming

Local government entities set tax rates, which can vary widely within a state. This is because annually, 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. Below, you can compare Park County's effective property tax rate to other counties in Wyoming or the U.S. median property tax rate.

Property Tax Rates Across Park County, Wyoming

Source: Ownwell

0.64%

0.67%

0.71%

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 Park County Tax Rate

0.67%

Median Effective Wyoming Tax Rate

0.65%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Park County, Wyoming

City	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
Cody	0.65%	0.66%	0.71%	0.71%	0.71%
Deaver	0.64%	0.64%	0.64%	0.66%	0.66%
Frannie	0.64%	0.66%	0.70%	0.71%	0.71%
Meeteetse	0.68%	0.68%	0.68%	0.73%	0.73%
Powell	0.63%	0.66%	0.66%	0.71%	0.71%
Ralston	0.66%	0.66%	0.66%	0.66%	0.66%
Wapiti	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Park County, Wyoming

When examining property taxes in Park County, 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 Park 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. Assessment notices: In Park 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 Park County. For example, the median tax bill in Park County is $2,812, with tax bills ranging significantly across the county. Cody has the highest median home price at $409,071.

Property Tax Assessment Values Across Park County, Wyoming

Source: Ownwell

$61,454

$235,263

$409,071

Median Park County Market Value

$362,988

Median Wyoming Market Value

$247,958

Median United States Market Value

$235,294

Property Tax Assessment Values Across Park County, Wyoming

City	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
Cody	$99,752	$273,228	$409,071	$591,412	$840,406
Deaver	$6,412	$12,956	$144,438	$288,059	$445,102
Frannie	$6,208	$14,006	$61,454	$114,424	$197,985
Meeteetse	$20,846	$76,236	$165,111	$377,599	$807,259
Powell	$39,852	$193,940	$314,532	$445,942	$624,742
Ralston	$36,780	$126,335	$191,362	$253,514	$385,588
Wapiti	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Park County, Wyoming

In Park County, Wyoming, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. This rate is influenced by the budgetary needs of local governments and public services such as schools, infrastructure, and emergency services. Homeowners in Park County experience a range of tax bills, with the 25th percentile at $1,528 and the 75th percentile at $3,572, reflecting the variability in property values and tax rates throughout the county. The median home price in the county is $362,988, which plays a significant role in determining the overall tax burden. For instance, Cody has the highest median tax bill at $2,812, while Frannie has the lowest at $431. Compared to the national median property tax bill of $2,400, Park County's tax bills can be both lower and higher, depending on the specific location and property value, affecting homeowners' financial planning and housing affordability.

Property Tax Bills Across Park County, Wyoming

Source: Ownwell

$431

$1,622

$2,812

Median Park County Tax Bill

$2,484

Median Wyoming Tax Bill

$1,635

Median United States Tax Bill

$2,400

Property Tax Bills Across Park County, Wyoming

City	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
Cody	$673	$1,885	$2,812	$3,965	$5,549
Deaver	$42	$86	$926	$1,843	$2,852
Frannie	$44	$99	$431	$785	$1,269
Meeteetse	$136	$537	$1,181	$2,563	$5,486
Powell	$269	$1,320	$2,145	$3,003	$4,139
Ralston	$244	$837	$1,268	$1,638	$2,555
Wapiti	N/A	N/A	N/A	N/A	N/A

Source: Ownwell