Taxes in Casper, Wyoming
Complete tax guide for Casper, WY. No state income tax, 0.58% property tax, 5.5% sales tax. Calculate your total tax burden.
State Income Tax
None
Wyoming
Property Tax
0.58%
Effective rate
Sales Tax
5.5%
Combined rate
Tax Burden
Very Low
Casper, WY Tax Overview
No state income tax; oil industry
Population
58,326
Median Income
$58,418
Cost of Living
91.3 (100 = avg)
State Income Tax
None
Median Home Price
$240,000
Casper Tax Calculator
Pre-filled with Casper median: $58,418
Total Tax Burden in Casper
$9,441
Take-Home: $48,977 · Effective Rate: 16.16%
Federal Tax
$4,972
8.51% eff.
WY State
$0
0.00% eff.
FICA
$4,469
7.65% eff.
Take-Home
$48,977
83.84% kept
Tax Breakdown
| Item | Annual | Monthly |
|---|---|---|
| Gross Income | $58,418.00 | $4,868.17 |
| Federal Income Tax | -$4,971.66 | -$414.31 |
| Wyoming State Tax | $0.00 | $0.00 |
| Social Security (6.2%) | -$3,621.92 | -$301.83 |
| Medicare (1.45%) | -$847.06 | -$70.59 |
| Take-Home Pay | $48,977.36 | $4,081.45 |
Property Tax in Casper
Median Home
$240,000
Annual Tax
$1,392
Monthly Tax
$116
Effective Rate
0.58%
Sales Tax in Casper
Combined Rate
5.5%
State Portion
~3.0%
Local Portion
~2.5%
The combined sales tax rate in Casper is 5.5%, which is below the national average of 7.12%. On a $100 purchase, you would pay $5.50 in sales tax.
Tax Burden Comparison
| Tax Type | Casper | Wyoming Avg | National Avg |
|---|---|---|---|
| Income Tax | None | None | 4.6% |
| Property Tax | 0.58% | ~0.58% | 1.1% |
| Sales Tax | 5.5% | ~5.5% | 7.12% |
| Overall Burden | Very Low | — | Moderate |
Tax Saving Tips for Casper Residents
- Wyoming has no state income tax, meaning your income is only subject to federal taxes and FICA. Consider investing your tax savings into a Roth IRA for tax-free growth.
- Property tax in Casper (0.58%) is below the national average of 1.1%. This makes homeownership more affordable here relative to property tax burden.
- Use a Health Savings Account (HSA) if eligible. Contributions are tax-deductible ($4,300 individual, $8,550 family), growth is tax-free, and withdrawals for medical expenses are tax-free.
Other Cities in Wyoming
Calculate Your Full Wyoming Tax Burden
See detailed state tax brackets, FICA breakdown, and compare to neighboring states.
Frequently Asked Questions
What are the tax rates in Casper, WY?
Casper, Wyoming has no state income tax. The property tax rate is 0.58% and the combined sales tax rate is 5.5%. No state income tax; oil industry
How much is property tax in Casper?
The effective property tax rate in Casper is 0.58%. On the median home price of $240,000, this equals approximately $1,392 per year or $116 per month. This is below the national average of 1.1%.
What is the sales tax rate in Casper?
The combined sales tax rate in Casper is 5.5%, which includes both state and local components. This is below the national average combined rate of approximately 7.12%.
How does Casper's tax burden compare to other cities?
Casper has a very low overall tax burden. The effective total tax rate for a median-income household is approximately 22%. The absence of state income tax significantly reduces the overall burden. Cost of living index is 91.3 (100 = national average).
Are there any local taxes in Casper?
Casper does not impose a separate local or city income tax. Residents pay no state income tax, federal income tax, and FICA (Social Security and Medicare). No state income tax; oil industry