Rate Breakdown

Property taxes in Hot Springs County are calculated by multiplying the assessed value (minus exemptions) by the total local millage rate.

How Property Tax Works in Hot Springs County

Property taxes in Hot Springs County are calculated based on the assessed value of your property and the current mill levy (tax rate). Here’s how the process works:

• Assessment: The Hot Springs County Assessor’s Office determines the market value of your property annually. Wyoming law requires residential properties to be assessed at 9.5% of market value, while commercial properties are assessed at 11.5%.
• Mill Levy: The county, school districts, and other local entities set mill levies (tax rates per $1,000 of assessed value). Your tax bill is calculated by multiplying the assessed value by the total mill levy.
• Tax Calculation: For example, if your home’s market value is $200,000, the assessed value would be $19,000 (9.5%). With a mill levy of 70 mills, your annual tax would be $1,330 ($19,000 × 0.070).

Available Exemptions

Wyoming offers several property tax exemptions to qualifying residents. Below are the key programs available in Hot Springs County:

• Homestead Exemption: Provides a reduction in taxable value for primary residences. Applicants must occupy the home as their primary dwelling.
• Senior Citizen Exemption: Available to homeowners aged 65+ with limited income. This exemption can reduce the taxable value of your property by up to 50%.
• Veteran Exemption: Disabled veterans may qualify for a partial exemption based on their disability rating. Surviving spouses of veterans may also be eligible.
• Disability Exemption: Individuals with permanent disabilities may apply for tax relief, subject to income limits.

Applications for exemptions must be filed with the Hot Springs County Assessor’s Office by the annual deadline, typically in early spring.

Payment Schedule & Deadlines

Property taxes in Hot Springs County are due annually and follow a strict schedule:

• Billing: Tax statements are mailed by November 1st each year.
• Payment Deadline: Taxes are due in full by December 31st. Late payments incur penalties starting January 1st.
• Installment Option: Homeowners may pay in two installments—half by December 31st and the remaining half by May 10th of the following year.
• Late Penalties: Delinquent payments face a 10% penalty plus 1% monthly interest. Unpaid taxes may result in a tax lien or foreclosure.

Payments can be made online, by mail, or in person at the Hot Springs County Treasurer’s Office.

Appealing Your Assessment

If you believe your property’s assessed value is incorrect, you can appeal the decision. Follow these steps:

• Review Your Assessment: Check your assessment notice, which is typically mailed in late spring. Compare it to recent sales of similar properties.
• File an Appeal: Submit a written appeal to the Hot Springs County Board of Equalization by the deadline (usually within 30 days of the assessment notice). Include evidence such as appraisals or sales data.
• Hearing: The board will schedule a hearing to review your case. You may present evidence and arguments supporting your claim.
• Further Appeals: If unsatisfied with the board’s decision, you may appeal to the Wyoming State Board of Equalization or district court.

For assistance, contact the Hot Springs County Assessor’s Office or consult a property tax professional.