Teton County Property Taxes

It seems like I'm on tax theme as I blog today. Recently I've received a lot of questions about property taxes and how they are calculated from those looking to relocate to Jackson Hole. First Teton County enjoys one of the lowest property tax rates anywhere in the country. In fact the only states with significantly lower taxes would be Alabama and Louisiana (2006: American Community Survey, Tax Foundation Calculations). Teton County uses a mill levy applied to an assessed value that works something like this:

Let's say the property is worth $1,000,000, and the mill levy rate is $57.32.

Multiply $1,000,000 (appraised value) by 9.5% to get $95,000 (assessed value).

Now multiply $95,000 (assessed value) by 0.05732 (mill levy divided by $1,000) to get $5,445.40 (annual taxes).

For the formulas to do your own calculations you can go to our property tax page. To download a table of mill levys or to look up property taxes for a specific property you can go the the Teton County Assessor's website or contact us for more information.