Example of Natrona County Property Tax Calculation
Natrona County calculates property tax based on the assessed value of the property. The assessed value is determined by the county assessor's office and is based on the market value of the property. Once the assessed value is determined, the county applies a tax rate to calculate the amount of property tax owed.
For example, let's say a property in Natrona County has an assessed value of $150,000 and the county tax rate is 1%. To calculate the property tax, you would multiply the assessed value by the tax rate:
$150,000 x 0.01 = $1,500
Therefore, the property tax owed on this property in Natrona County would be $1,500. It's important to note that property taxes can vary from year to year, as the assessed value and tax rate may change.
If you want appeal your property tax assessment - contact your local tax assessor.
Natrona County Property Tax Rates
Here is a formatted table listing the Natrona County Property Tax rates:
Tax | Rate per $100 of Assessed Value |
---|---|
County General | $0.516 |
County School | $1.594 |
Fire Protection | $0.200 |
Hospital | $0.420 |
Special Districts | $0.469 |
Note: These rates are subject to change and may vary based on the location and type of property. It is recommended to consult with a tax professional for accurate and up-to-date information.
Who sets property tax rates in Natrona County ?
Who sets property tax rates in Natrona County? The Natrona County Board of County Commissioners sets property tax rates in Natrona County.
When are property tax rates set in Natrona County? Property tax rates are typically set annually by the Natrona County Board of County Commissioners. The rates are set in the fall of each year, and property owners are notified of any changes to their tax rates in the following spring.
How are property tax rates determined in Natrona County? Property tax rates in Natrona County are determined by taking into account various factors, including the assessed value of the property, the current tax rate, and the county's budget needs. The Natrona County Board of County Commissioners conducts public meetings to review and approve the budget, and sets the tax rates accordingly.
What is the current property tax rate in Natrona County? As of 2021, the current property tax rate in Natrona County is $12.719 per $1,000 of assessed value for residential properties, and $13.133 per $1,000 of assessed value for commercial properties. These rates are subject to change annually based on budget needs and other factors.
Note: This information is accurate as of the time of writing and is subject to change. Property owners should consult with the Natrona County Treasurer's Office or a qualified tax professional for the most up-to-date information on property tax rates and assessments.
Homestead exemptions in Natrona County ?
To better understand the Homestead exemptions and deductions available in Natrona County, Wyoming, here is a table detailing the various columns that one may come across:
Column | Description |
---|---|
Exemption | Refers to the specific homestead exemption that is available in Natrona County, Wyoming. |
Eligibility | Indicates the qualifications that an individual or family must meet in order to be eligible for the exemption. |
Amount | Specifies the monetary value of the exemption, which may vary depending on the specific exemption being applied for. |
Notes | Provides additional information or requirements that may be necessary to take advantage of the exemption. |
Here are some of the major Homestead exemptions and deductions that one may encounter in Natrona County:
- Primary Residence Exemption: This exemption may be available to homeowners who use their property as their primary residence. The amount of the exemption varies, but it may help reduce the taxable value of the property.
- Senior Citizen Property Exemption: This exemption is available to individuals over the age of 65 who meet certain income requirements. It may provide a reduction in the taxable value of the property.
- Disabled Veterans Property Tax Exemption: This exemption is available to disabled veterans who have a service-connected disability. It may offer a reduction in the taxable value of the property.
- Personal Property Tax Exemption: This exemption may be available to individuals who own certain types of personal property, such as livestock or machinery. It may offer a reduction in the taxable value of the property.
It is important to note that each exemption may have its own eligibility requirements and application process. Therefore, it is recommended to consult with a tax professional or the local county assessor's office to determine which exemptions may be applicable and how to take advantage of them.
When is Natrona County Property Tax due ?
Natrona County Property Tax is typically due on or before November 10th of each year. The payment methods available to taxpayers include:
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Online Payment: The Natrona County Treasurer’s Office website allows taxpayers to pay their property taxes online using a credit card or electronic check.
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In-Person Payment: Taxpayers can visit the Natrona County Treasurer’s Office located at 200 North Center Street, Room 137, Casper, WY 82601, and pay in-person using cash, check or credit card.
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Mail-In Payment: Taxpayers can mail their property tax payment to the Natrona County Treasurer’s Office using a check or money order. The address for mailing the payment is: Natrona County Treasurer’s Office, 200 North Center Street, Room 137, Casper, WY 82601.
It's important to note that if the due date falls on a weekend or holiday, the taxpayer will have until the next business day to make the payment without incurring any late fees. Failure to pay property taxes on time can result in penalties and interest charges. It's recommended that taxpayers keep track of their due dates and make timely payments to avoid any unnecessary fees or charges.
If you have more questions - contact your local tax collector.
How is Natrona County Property Tax penalty calculated ?
Natrona County Property Tax Penalty Calculation
Natrona County Property Tax penalties are calculated based on the amount of unpaid taxes and the number of days past the due date. The penalty is assessed at a rate of 1% for the first month and an additional 1% for each additional month the taxes remain unpaid.
Here's an example:
Tax Amount | Due Date | Date Paid | Days Late | Penalty Rate | Penalty Amount |
---|---|---|---|---|---|
$2,000 | Jan 31, 2021 | Mar 15, 2021 | 43 | 1% | $20.00 |
$2,000 | Jan 31, 2021 | Apr 15, 2021 | 75 | 2% | $40.00 |
$2,000 | Jan 31, 2021 | May 15, 2021 | 105 | 3% | $60.00 |
In the above example, if the property owner paid their $2,000 property taxes on March 15, 2021, they would be assessed a penalty of 1% ($20.00) for being 43 days late. If they paid on April 15, 2021 instead, they would be assessed an additional 1% penalty ($40.00) for being a total of 75 days late. If they paid on May 15, 2021, the penalty would be 3% ($60.00) for being a total of 105 days late.
It's important to note that the penalty for late payment of Natrona County Property Taxes continues to increase until the taxes are paid in full. This means that property owners who continue to be late in paying their property taxes will be assessed higher and higher penalties.
We recommend contacting the Natrona County Tax Office or a local tax professional for the most up-to-date and accurate information.