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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Park County, Wyoming

Park County has an effective property tax rate of 0.56%. On the median home value of $400,500, that's roughly $2,262 per year. Median household income is $73,035.

Effective Property Tax Rate1
0.56%
median tax $2,262 ÷ median home $400,500
Median Home Value1
$400,500
owner-occupied
Median Household Income1
$73,035
per-capita $42,655
Est. Annual Tax on Median Home1
$2,262
at 0.56% effective rate

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.

MetricPark CountyWyoming (state context)
Effective property tax rate10.56%0.56%
Median home value1$400,500—
State income tax3No state income taxNo state income tax
State sales tax35.39% combined5.39% 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 Park County, WY

Buying in Park County, Wyoming means weighing a median home value of $400,500 against an annual property tax bill of about $2,262, based on an effective rate of 0.565%. That rate edges just past Wyoming's statewide median of 0.563%, placing the county 11th among the state's 23 counties, so taxes here aren't a standout bargain within Wyoming. Against the national median of 0.794%, though, the county looks considerably cheaper. Households earning around $73,035 would devote roughly 3% of that income to property taxes, and per-capita income sits at $42,655. Cody, the largest community in the county, anchors much of the local housing market, with Meeteetse and Yellowstone National Park also within county lines. For a buyer, the combination of mid-range home prices and a below-average tax rate keeps ongoing ownership costs from climbing too steeply.

Frequently asked questions

What is the property tax rate in Park County, WY?
The effective rate is 0.56% — meaning the median tax bill equals about 0.56% of the median home value.
How much are property taxes on a median home?
On the median home ($400,500), the estimated annual bill is about $2,262.
Is Park County's rate high or low?
Compare it to the state median of 0.56% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Park County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Park County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.