Property Tax & Income in Sheridan County, Wyoming
Sheridan County has an effective property tax rate of 0.55%. On the median home value of $394,900, that's roughly $2,177 per year. Median household income is $71,388.
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 | Sheridan County | Wyoming (state context) |
|---|---|---|
| Effective property tax rate1 | 0.55% | 0.56% |
| Median home value1 | $394,900 | — |
| 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 Sheridan County, WY
In Sheridan County, Wyoming, the median home value of $394,900 carries an annual property tax bill of about $2,177, based on an effective rate of 0.551%. That rate sits below Wyoming's statewide median of 0.563% and well under the national figure of 0.794%, ranking the county 16th of 23 in the state. For buyers weighing a purchase near Big Horn, Clearmont, or Dayton, the tax side of the equation stays comparatively contained even though home prices here run higher than in many parts of the country. With median household income at $71,388 and per-capita income at $41,122, the yearly tax obligation amounts to roughly three percent of a household's earnings, a share that leaves breathing room in a monthly budget. Anyone drawn to this corner of northern Wyoming will find that affordability hinges more on purchase price than on the tax collector's cut.