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Updated 2025 Tax Year

Hot Springs County
Property Tax Guide

Everything you need to know about property taxes in Hot Springs County, WY. Rates, due dates, exemptions, and how it affects your monthly payment.

10 Official Sources
8 min read
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Quick Facts
Tax Rate
7.3% county-wide rate for 2025, varies by special district location
Exemptions
3+ Available
Section 1

How Property Tax Works

Hot Springs County's property tax system funds essential local services including schools, county government operations, fire protection, and infrastructure maintenance. Property taxes are calculated based on the full market value of your property as assessed on January 1st of each tax year, with the current county-wide tax rate at 7.3% for the 2025 levy year.

Your actual property tax rate may vary from the county average depending on your specific location within Hot Springs County. Special taxing districts such as school districts, fire districts, conservation districts, and improvement districts can add additional assessments to your property tax bill. These district-specific rates are layered on top of the base county levy, meaning properties in areas with multiple special districts typically face higher effective tax rates than those in unincorporated areas with fewer overlapping jurisdictions.

Section 2

What Makes Up Your Tax Bill

ComponentRateDescription
County General2.1%Basic county services, administration, roads
School District3.8%K-12 education funding
Fire District0.6%Fire protection and emergency services
Conservation District0.3%Natural resource management
Library District0.2%Public library services
Special Assessments0.3%Infrastructure improvements, bonds
Total Base Rate7.3%FY 2025-2026 Levy Year

Note: Rates shown are county averages. Your actual tax rate depends on which special taxing districts serve your property location. Some areas may have additional improvement districts, recreation districts, or other special assessments not listed above. Contact the Hot Springs County Assessor's office to determine the exact rate schedule for your specific property address.

Section 3

When Are Property Taxes Due?

For the 2025/2026 tax year in Hot Springs County, property taxes are due in two installments:

Pro tip: If you pay through mortgage escrow, your lender splits these payments across your monthly mortgage. If you pay directly, set calendar reminders to avoid late penalties.
Section 4

Supplemental Tax Bills

Supplemental taxes are additional property tax bills issued when there's a change in ownership or new construction that increases a property's assessed value during the tax year. In Hot Springs County, supplemental taxes are calculated based on the difference between the old and new assessed values, prorated for the remaining months in the tax year from the date of change.

For example, if you purchase a home in Hot Springs County in August that was previously assessed at $250,000 but sells for $400,000, a supplemental tax bill will be issued for the $150,000 increase in assessed value. The supplemental tax would be calculated as: ($150,000 × 7.3% tax rate) ÷ 12 months × 5 remaining months = $456.25. This supplemental bill is separate from and in addition to the regular annual property tax bill, and typically arrives 2-3 months after the triggering event.

Example Calculation

Example 1: $300,000 Home

  • Assessed Value: $300,000
  • Veteran's Exemption Applied: -$3,000 (requires application)
  • Net Taxable Value: $297,000
  • Annual Tax: $297,000 × 7.3% = $21,681
  • Monthly Escrow: $1,807

Example 2: $600,000 Home

  • Assessed Value: $600,000
  • Homestead Tax Credit Applied: -$1,200 (requires application)
  • Net Taxable Value: $598,800
  • Annual Tax: $598,800 × 7.3% = $43,712
  • Monthly Escrow: $3,643

Example 3: $1,000,000 Home

  • Assessed Value: $1,000,000
  • No Credits Applied: $0
  • Net Taxable Value: $1,000,000
  • Annual Tax: $1,000,000 × 7.3% = $73,000
  • Monthly Escrow: $6,083

Note: Tax credits shown require annual application and approval. Actual rates may vary based on special district assessments in your area.

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Section 5

Escrow & Property Taxes

Most mortgage lenders in Hot Springs County require borrowers to establish an escrow account to ensure property taxes are paid on time. Your lender collects 1/12th of your estimated annual property tax bill with each monthly mortgage payment, depositing these funds into an escrow account. The lender then pays your property taxes directly to Hot Springs County when the three installments come due: June 1st, September 1st, and December 1st.

Lenders typically conduct an annual escrow analysis to ensure adequate funds are collected, and may adjust your monthly payment if property taxes increase due to reassessment or rate changes. You should receive an annual escrow statement showing all deposits and payments made on your behalf. If you pay off your mortgage or refinance, verify that your property taxes will continue to be paid either through a new escrow account or by making direct payments to Hot Springs County. Property owners remain ultimately responsible for ensuring taxes are paid even when using escrow services.

How HonestCasa Helps
  • Understand whether your escrow is set correctly
  • See how rising taxes will change your monthly payment
  • Plan ahead instead of being surprised by "shortage" letters
Section 6

Frequently Asked Questions

Q: When are property taxes due in Hot Springs County for FY 2025-2026? A: Property taxes are paid in three installments: first installment due June 1st, second installment due September 1st, and final installment due December 1st.

Q: What tax credits are available and do they require application? A: Hot Springs County offers several tax credits including the Veteran's Property Tax Credit and Property Tax Deferral Program for qualifying seniors. All tax credits require annual application and are not automatically applied to your bill.

Q: How does the homestead tax credit work? A: Wyoming's homestead credit helps limit assessment increases on primary residences, but you must file an application with the county assessor to qualify. This credit caps assessment growth rather than reducing your home's market value.

Q: When does the county reassess property values? A: Hot Springs County assesses all property annually as of January 1st. The county uses market sales data, construction costs, and other factors to determine current market values for tax purposes.

Q: What happens if I pay my property taxes late? A: Late payments incur penalties and interest charges. After June 1st, a 5% penalty is added, with additional penalties for subsequent late installments. Unpaid taxes can eventually result in tax lien proceedings.

Q: Can I pay my property taxes online? A: Contact the Hot Springs County Treasurer's office at (307) 864-3515 to inquire about online payment options and accepted payment methods for property tax bills.

Q: How do I appeal my property assessment? A: Assessment appeals must be filed with the Hot Springs County Board of Equalization by May 25th following the assessment year. Contact the County Assessor's office for appeal forms and procedures.

Q: Why did my tax bill increase even though rates stayed the same? A: Your property tax can increase due to rising property values, new special district assessments, voter-approved bond measures, or loss of previously applied tax credits that require annual reapplication.

Verified Sources

Backed by 10 Official Government Sources

Every fact in this guide is sourced from official county, state, and federal documents.

01
Tax Doc
Wyoming Sales, Use, and Lodging Tax Revenue Report: ...eadiv.state.wy.us
02
Dept. of Revenue - Commercial & Industrialwyo-prop-div.wyo.gov
03
Memorandumwyoleg.gov
04
Tax Doc
Wyoming Property Tax Relief Statuswyoleg.gov
05
County
Washakie-Hot Springs County FSA Updatesfsa.usda.gov
06
Wyoming Personal Property Valuationwyoleg.gov
07
County
News | Wyoming County Treasurer's Associationwcta.us
08
Tax Doc
Dept. of Revenue - Tax Reliefwyo-prop-div.wyo.gov
09
Memorandumwyoleg.gov
10
County
Hot Springs Countyeadiv.state.wy.us
All sources verified as of 2025 Tax Year

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