Property Tax & Income in Laramie County, Wyoming
Laramie County has an effective property tax rate of 0.57%. On the median home value of $348,700, that's roughly $1,980 per year. Median household income is $80,173.
What you'll pay, at a glance
Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.
| Metric | Laramie County | Wyoming (state context) |
|---|---|---|
| Effective property tax rate1 | 0.57% | 0.56% |
| Median home value1 | $348,700 | — |
| State income tax3 | No state income tax | No state income tax |
| State sales tax3 | 5.39% combined | 5.39% combined |
How this is calculated
The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.
About Laramie County, WY
In Laramie County, home to Cheyenne, the median home value of $348,700 carries an annual real-estate tax bill of about $1,980, based on an effective rate of 0.568%. That rate edges past Wyoming's statewide median of 0.563% and ranks 10th among the state's 23 counties, so buyers here pay slightly more than the average Wyoming property owner. Even so, the national median effective rate of 0.794% sits well above what Laramie County charges, meaning the tax side of ownership looks gentler than in much of the country. With median household income at $80,173 and per-capita income at $42,871, the tax bill amounts to roughly 2.5% of a household's yearly earnings, a share that leaves breathing room in the budget. For anyone weighing a move, the combination of mid-range home prices and below-average tax rates keeps the overall cost of owning here comparatively restrained.