Wyoming— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.45%
of assessed value annually
Median home value
$1,633,900
2024 ACS survey
Median taxes paid
$7,267/yr
2024 data
Teton County's 0.45% effective property tax rate ranks 315th lowest among the 3,134 US counties tracked, placing it in the bottom 25% lowest nationally. Within Wyoming's 23 counties, it's the 2nd lowest. On the county's median home value of $1,633,900, the typical homeowner pays $7,267 annually in property tax — $5,638 more than the national median of $1,629. Wyoming charges no state real estate transfer tax, which keeps closing costs here lower than high-transfer-tax states like New York, Pennsylvania, or Delaware.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Teton County.
County median: $1,633,900
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Wyoming property tax exemptions
Ways buyers in Teton County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Long-Term Homeowner Property Tax Exemption
50% assessed value exemption on primary residence for homeowners 65+ who have paid Wyoming residential property tax for 25+ years. Must reside 8+ months/year. Set to expire July 1, 2027 unless extended.
View official source →Veterans Exemption
$3,000 assessed value exemption for honorably discharged veterans who served during wartime periods, and for disabled veterans. Applied to the primary residence.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Teton County.
The effective property tax rate in Teton County is 0.45% — calculated as the median annual property tax paid ($7,267) divided by the median home value ($1,633,900), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
No. Wyoming does not impose a state real estate transfer tax, which keeps closing costs in Teton County lower than in states like New York, Pennsylvania, or Delaware where transfer taxes can add thousands of dollars at closing.
Flood risk is relatively low. Only 0.3% of Teton County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Teton County typically run $32,678–$81,695 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Teton County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.45% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Teton County.
Guides for Wyoming home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →