Reality

[BigO4WYO]

I believe in Wyoming all school funding goes into a pool and it is redistributed. BUNCH OF COMMUNISTS.

Actually I think that's great. Imagine the imbalance Wyoming would have. Wait, am I a communist?

In Nebraska I pay about $10K on a home assessed at $650K. If you ask around here we have the highest property taxes in the nation. Which is something I've heard pretty much in all 7 places I've lived lol. It's not low, but it's not New Jersey.

 

[TheRealUW]

I believe in Wyoming all school funding goes into a pool and it is redistributed. BUNCH OF COMMUNISTS.

Actually I think that's great. Imagine the imbalance Wyoming would have. Wait, am I a communist?

In Nebraska I pay about $10K on a home assessed at $650K. If you ask around here we have the highest property taxes in the nation. Which is something I've heard pretty much in all 7 places I've lived lol. It's not low, but it's not New Jersey.

Yeah, I think you can find a lot of people in every state who believe they pay the most taxes of anywhere in the country.

I did find it interesting that I actually pay more taxes in Texas than I did when I lived in Massachusetts despite my financial situation basically being the same in both states. I'm sure it varies by individual situation, but it surprised me at first.

 

[Bryoming]

However - You do realize that Wyoming has (and has had) property tax exemptions/reductions for long term owners and veterans right? You do also realize that Wyoming first introduced property taxes in 1876 (before it was a state) and has had property tax ever since? The Wyoming constitution itself embraces property taxes (see article 15 section 11). Were the founders of Wyoming’s State Constitution tyrants?

It also seems hyperbole to suggest that property taxes are kicking old people out of their homes. Who are these people? Do you personally know them? Why was this not seemingly an issue for the previous roughly 150 years?

Hyperbole are what the people that make this argument are proficient in. They see their bottom line and that's all they care about. "Big picture" is not in their vernacular.

To back up the statements @OrediggerPoke made, here's a handy chart from WalletHub.

WalletNews: WalletHub's Studies, Surveys, Guides & More

wallethub.com

 

[OrediggerPoke]

Out of curiosity, what does the average homeowner in Wyoming pay for property taxes? Here in Texas, where I live, property taxes are very high. I pay around $15k a year in property taxes on my home that is valued around $850k.

What really makes those property taxes sting is that around 50% of it is taxes for the local school district, but Texas has a "Robin Hood" program that redistributes school taxes from more property rich urban areas to less property rich rural areas. Despite our local school district being in pretty poor financial shape to the point they are shutting down and consolidating schools to meet the budget, the state takes about 60% of the taxes we pay and sends them to school districts elsewhere in the state.

I believe a $500,000 home in Wyoming had a yearly property tax of about $2,750 without any additional exemptions (long term and veterans). That number will go down another 25 percent this year for anyone filling out the form that the property is their primary residence.

 

[TheRealUW]

I believe a $500,000 home in Wyoming had a yearly property tax of about $2,750 without any additional exemptions (long term and veterans). That number will go down another 25 percent this year for anyone filling out the form that the property is their primary residence.

Thanks for the info. I suspected they were fairly low - that seems very reasonable.

 

[doreno5]

I believe a $500,000 home in Wyoming had a yearly property tax of about $2,750 without any additional exemptions (long term and veterans). That number will go down another 25 percent this year for anyone filling out the form that the property is their primary residence.

We live in Cheyenne with a $500k home so there some additional mill levies so it is just over $3000 per year. Wyoming is extremely lucky to have the revenues from the mineral industry but that has also in my opinion resulted in not diversifying its economic base by trying to attract new industries.

 

[MrTitleist]

Wish I had you guys' cheap property taxes...