83127 Property Tax Rate

Property owners in ZIP code 83127 (Thayne, Wyoming) pay a median of $2,116/year in property taxes on homes valued at $431,200. This translates to an effective tax rate of 0.49%, which is 9% below the Wyoming state average of 0.54%.

The monthly property tax burden for a median-valued home in 83127 is approximately $176, which factors into escrow payments on mortgages. This ZIP code is located within Lincoln County. This is $478 more than the Wyoming average of $1,638/year.

Compared to similar ZIP codes in Wyoming, 83127 has lower property taxes. ZIP codes with similar effective rates include 82410 (0.50%) and 83025 (0.50%).

In Thayne, property taxes represent approximately 2.5% of the median household income of $86,351, providing context for the relative tax burden on homeowners in this area.

Wyoming assesses all property at 9.5% of market value with full reassessment to purchase price at sale and provides no annual caps or deferrals for owner-occupants. Lincoln County administers a Homestead Exemption for primary residences that exempts a portion of assessed value from taxation; file the application with the Lincoln County Assessor within 30 days of purchase to secure the exemption on your first tax bill. Review your initial Property Tax Statement from the Lincoln County Assessor, verify the homestead exemption is recorded, and file a challenge within 30 days if the assessed value does not match your purchase price.