Goshen County Property Tax Rates
Here is a formatted table of Goshen County Property Tax rates:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County | $0.522 |
| Cities | Varies by city |
| School District | $1.00 |
| Special Districts | Varies by district |
Please note that the cities and special districts within Goshen County may have different tax rates. It is recommended to check with the specific city or district for their current tax rates.
Example of Goshen County Property Tax Calculation
Goshen County calculates property tax by taking the assessed value of a property and multiplying it by the current tax rate. For example, if a property has an assessed value of $100,000 and the current tax rate is 0.05, then the property tax would be $5,000 ($100,000 x 0.05).
The assessed value of a property is determined by the county assessor, who evaluates the property based on various factors such as location, size, and condition. The tax rate is set by the county government and varies depending on the municipality and school district where the property is located.
Property taxes are collected by the county treasurer and are used to fund various public services such as schools, roads, and law enforcement. It is important for property owners to pay their taxes on time to avoid penalties and interest charges.
If you want appeal your property tax assessment - contact your local tax assessor.
Who sets property tax rates in Goshen County ?
Who sets property tax rates in Goshen County?
The Goshen County Commissioners are responsible for setting property tax rates in Goshen County.
When are property tax rates set in Goshen County?
Property tax rates in Goshen County are typically set annually and are based on the assessed value of each property. The county assessors determine the value of each property and provide the information to the county commissioners who then set the tax rates accordingly. The final tax rates are typically determined and announced by late summer each year.
It is important to note that property owners in Goshen County have the right to appeal their assessed property value if they believe it to be inaccurate or unfair. The appeals process is typically handled by the county board of equalization.
Homestead exemptions in Goshen County ?
To help residents in Goshen County, Wyoming, understand the various Homestead exemptions and deductions available, a table has been created below. The table includes four columns: exemption, eligibility, amount, and notes. Here are the county specific Homestead exemptions and deductions in Goshen County:
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| General Homestead Exemption | All homeowners | Up to $5,000 | Reduces assessed value of home |
| Veterans Exemption | Veterans with wartime service | Up to $3,000 or 50% of assessed value | Must be honorably discharged |
| Disabled Veterans Exemption | Veterans with service-connected disability | Up to $3,000 or 50% of assessed value | Must be honorably discharged and have a disability rating |
| Agricultural Land Exemption | Agricultural land owners | Up to 100% of assessed value | Must use land for agricultural purposes |
| Renewable Energy System Exemption | Homeowners with renewable energy systems | Up to 100% of assessed value | Must have a renewable energy system installed |
It is important to note that while these exemptions and deductions can provide significant savings for homeowners, eligibility requirements vary for each exemption. Homeowners are encouraged to review the specific requirements and application process for each exemption on the Goshen County Assessor's website.
When is Goshen County Property Tax due ?
Goshen County Property Tax is typically due on the last business day of February. This deadline applies to all property owners in Goshen County, including residential, commercial, and agricultural properties.
Property owners have the option to pay their property taxes using a variety of methods, including:
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In-person: Property owners can pay their taxes in person at the Goshen County Treasurer's Office, located at 2125 East A Street in Torrington, Wyoming.
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By mail: Property owners can also mail their payment to the Goshen County Treasurer's Office at P.O. Box 160 Torrington, WY 82240. The payment must be postmarked on or before the due date to avoid late fees.
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Online: Property owners can pay their taxes online through the Goshen County Treasurer's website. This service is available 24/7 and accepts payments using major credit cards and e-checks.
It is important for property owners to note that late payments will result in a penalty of 1% per month, with a maximum penalty of 18%. Therefore, it is highly recommended to pay property taxes on time to avoid additional fees.
In summary, Goshen County Property Tax is due on the last business day of February, and property owners can pay their taxes in person, by mail, or online. Late payments will result in a penalty, so it is crucial to pay on time to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Goshen County Property Tax penalty calculated ?
Goshen County Property Tax Penalty Calculation
Goshen County imposes a penalty on unpaid property taxes on January 1st of each year. The penalty is calculated as a percentage of the unpaid taxes, and it increases each month until the taxes are paid in full. Here is how the penalty is calculated:
- January: 1% of the unpaid taxes
- February: 2% of the unpaid taxes
- March: 3% of the unpaid taxes
- April: 4% of the unpaid taxes
- May: 5% of the unpaid taxes
- June: 6% of the unpaid taxes
- July: 7% of the unpaid taxes
- August: 8% of the unpaid taxes
- September: 9% of the unpaid taxes
- October: 10% of the unpaid taxes
- November: 11% of the unpaid taxes
- December: 12% of the unpaid taxes
As an example, let's say that an individual has unpaid property taxes of $10,000 in Goshen County as of January 1st. If they do not pay their taxes until April 1st, the penalty will be calculated as follows:
- January penalty: $100 (1% of $10,000)
- February penalty: $200 (2% of $10,000)
- March penalty: $300 (3% of $10,000)
- April penalty: $400 (4% of $10,000)
Therefore, the total penalty would be $1,000 (or 10% of the unpaid taxes). This penalty will continue to increase each month until the taxes are paid in full.
It is important to note that if the taxes are not paid by the following January 1st, interest will also be charged on the unpaid taxes at a rate of 18% per year. Therefore, it is always best to pay property taxes in a timely manner to avoid penalties and interest.
We recommend contacting the Goshen County Tax Office or a local tax professional for the most up-to-date and accurate information.