How Property Tax Works
Converse County, Wyoming operates on a property tax system that funds essential local services including schools, county government, fire protection, and various special districts. Property taxes are assessed annually based on fair market value, with Wyoming using an assessment ratio of approximately 9.5% of market value for residential properties. The county follows a split payment schedule, with taxes billed in early September for the current calendar year.
Property tax rates in Converse County vary significantly by location within the county due to different combinations of special taxing districts, including school districts, fire districts, water districts, and other municipal services. Beginning with the 2025 tax year, all residential properties will benefit from a new 25% exemption on assessed value, representing a significant tax reduction for homeowners. Effective tax rates typically range from 0.8% to 1.2% of market value depending on your specific location and applicable districts.