HonestCasa logoHonestCasa
All Tax Guides
Updated 2025 Tax Year

Albany County
Property Tax Guide

Everything you need to know about property taxes in Albany County, WY. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
Calculate Your True CostMortgage Calculator
Quick Facts
Tax Rate
0.6% to 1.2% of market value (varies by district and special assessments)
Exemptions
4+ Available
Section 1

How Property Tax Works

Albany County's property tax system serves as the primary funding mechanism for essential local services including public schools, county operations, fire protection, and various special districts. Property owners pay taxes based on their property's assessed value multiplied by the local mill levy rate, which varies significantly depending on your specific location within the county due to different combinations of special taxing districts.

The effective tax rate in Albany County typically ranges from approximately 0.6% to 1.2% of market value, though this can vary considerably based on which school district, fire district, and other special assessment areas your property falls within. Tax rates are set annually in August, with bills typically mailed in September. The county uses a mill levy system where each mill represents $1 in taxes for every $1,000 of assessed value, making it straightforward to calculate your obligations once you know your property's assessed value and applicable mill rate.

Section 2

What Makes Up Your Tax Bill

ComponentApproximate Rate (Mills)Description
County General8-12Basic county services and operations
School District35-45K-12 education funding (varies by district)
Community College3-5Laramie County Community College support
Fire District2-8Fire protection services (varies by district)
Ambulance District1-3Emergency medical services
Special Assessments0-15Infrastructure, bonds, improvement districts
Total Range49-88 MillsVaries significantly by location

Note: These rates represent typical ranges for levy year 2024-2025. Actual rates are set annually in August and vary substantially depending on your property's location within specific taxing districts. Contact the Albany County Assessor's Office for your exact mill levy rate, as properties can have significantly different total rates even within the same neighborhood.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Albany County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes in Albany County are additional property tax bills issued when there are changes in property ownership, new construction, or improvements that increase a property's assessed value during the current tax year. These supplemental assessments ensure that property taxes reflect the current use and value of the property rather than waiting until the next regular assessment cycle.

Common triggers for supplemental taxes include purchasing a home, completing new construction, adding significant improvements like additions or major renovations, or changing the use of the property. The supplemental tax is calculated by determining the difference between the old and new assessed values, then applying the current mill levy rate to that difference. For example, if you purchase a home in March and the assessed value increases from $180,000 to $240,000, you would owe supplemental taxes on the $60,000 difference, prorated for the remaining months of the tax year. This would result in approximately $60,000 × 0.070 (assuming 70 mills) × 10/12 months = $350 in supplemental taxes.

Example Calculation

Example 1: $300,000 Home

  • Market Value: $300,000
  • Assessed Value (9.5% ratio): $28,500
  • Homeowner Tax Credit (if applied for): -$1,425 (25% of residential assessment)
  • Net Taxable Value: $27,075
  • Annual Tax (70 mills): $1,895
  • Monthly Escrow: $158

Example 2: $600,000 Home

  • Market Value: $600,000
  • Assessed Value (9.5% ratio): $57,000
  • Homeowner Tax Credit (if applied for): -$14,250 (25% of residential assessment, capped)
  • Net Taxable Value: $42,750
  • Annual Tax (70 mills): $2,993
  • Monthly Escrow: $249

Example 3: $1,000,000 Home

  • Market Value: $1,000,000
  • Assessed Value (9.5% ratio): $95,000
  • Senior/Long-term Homeowner Credit (if qualified and applied): -$4,750
  • Net Taxable Value: $90,250
  • Annual Tax (70 mills): $6,318
  • Monthly Escrow: $526

Note: All tax credits require application and qualification. Credits are not automatically applied. Mill rates shown are estimates and vary by location within Albany County.

See How Taxes Affect Your Payment

Property taxes are just part of your total monthly cost. Get the full picture.

Calculate Now
Section 5

Escrow & Property Taxes

Most mortgage lenders in Albany County require property tax escrow accounts, where you pay a portion of your annual property taxes with each monthly mortgage payment. Your lender collects these funds in a separate escrow account and pays your property taxes directly to Albany County when they become due. Typically, lenders will collect 1/12th of your annual property tax bill each month, plus an additional cushion of 1-2 months to ensure adequate funds are available.

Your lender will provide an annual escrow analysis, usually around the anniversary of your loan, which reviews the previous year's payments and adjusts your monthly escrow amount based on any changes in your property tax bill. If your taxes increase due to reassessment or mill levy changes, your monthly mortgage payment will increase accordingly. Conversely, if taxes decrease, you may receive a refund or see reduced monthly payments. It's important to review this annual statement carefully and contact your lender if you notice discrepancies, especially if you've applied for tax credits that should reduce your liability.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Albany County? A: For tax year 2024-2025, the first installment is due by November 10, 2024, and the full balance must be paid by December 31, 2024, to avoid interest charges.

Q: What tax credits are available and do I need to apply? A: The main credit is the Homeowner Tax Credit providing 25% off assessed value for qualifying residential properties. A Long Term Homeowner Credit is available for 2025-2026 for owners 65+ who have paid Wyoming property taxes for 25+ years. All credits require application and are not automatic.

Q: How does the Homestead credit work? A: Wyoming doesn't have a traditional homestead credit. The Homeowner Tax Credit reduces your assessed value by 25%, but you must apply for it annually with the County Assessor's Office.

Q: When are properties reassessed? A: Albany County reassesses properties periodically, but the schedule varies. The Assessor's Office will notify you of any changes to your assessed value, and you have the right to appeal within 30 days of notification.

Q: What happens if I pay late? A: Interest begins accruing on unpaid taxes after December 31st at a rate set by state statute. Properties can eventually be subject to tax sale proceedings if taxes remain delinquent for extended periods.

Q: Can I pay my taxes online? A: Yes, Albany County typically offers online payment options through their Treasurer's Office website. Contact the Treasurer's Office for current payment methods and any associated fees.

Q: Why do tax rates vary within the county? A: Your total mill levy depends on which school district, fire district, ambulance district, and special improvement districts serve your property. Two homes of equal value can have significantly different tax bills based on their location.

Q: How do I apply for tax credits? A: Contact the Albany County Assessor's Office for applications. The Long Term Homeowner Credit application deadline is October 13, 2025. Other credits may have different deadlines, so apply as soon as you qualify.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Mill Leviesalbanycountywy.gov
02
Important Datesalbanycountywy.gov
03
Tax Doc
Wyoming Sales, Use, and Lodging Tax Revenue Report: ...eadiv.state.wy.us
04
County
Albany County Property Tax Refund Programalbanycountywy.gov
05
County
County Property Tax Refundalbanycountywy.gov
06
Tax Doc
Property Tax Exemption for Homeownersalbanycountywy.gov
07
Tax Doc
Property Tax Exemption for Long Term Homeownersalbanycountywy.gov
08
Tax Doc
Tax Reliefalbanycountywy.gov
09
County
Albany Countyeadiv.state.wy.us
10
salbanycountywy.gov
All sources verified as of 2025 Tax Year

See the Full Picture of Your Home Costs

Property taxes are just one piece of homeownership. HonestCasa helps you understand your total monthly cost and explore safe ways to access your home equity.

Total Monthly Cost

Mortgage + taxes + insurance + HOA

Equity Growth

Track how your equity grows over time

Safe Equity Access

Options for projects or debt payoff

Run Your ScenarioTry Calculator

Free • No credit check • 2-minute estimate