Example of Washakie County Property Tax Calculation
Washakie County calculates property taxes based on the assessed value of the property. The assessed value is determined by the county assessor's office, which considers factors such as the property's location, size, and condition.
To calculate the property tax, the assessed value is multiplied by the county's mill levy, which is a tax rate expressed in mills (one mill equals one-tenth of one percent). For example, if the assessed value of a property is $100,000 and the mill levy is 50 mills, the property tax would be $5,000 ($100,000 x 0.05).
It's important to note that there may be additional taxes or fees assessed by other entities, such as school districts or special service districts, which would also be added to the property tax bill.
Property owners in Washakie County typically receive their property tax bills in November and have until the end of January to pay without penalty. Failure to pay property taxes can result in penalties, interest, and even foreclosure of the property.
If you want appeal your property tax assessment - contact your local tax assessor.
Washakie County Property Tax Rates
The following table lists the Washakie County property tax rates per 100$ of assessed value:
| Tax | Rate per 100$ of Assessed Value |
|---|---|
| County | $0.2387 |
| School | $1.69 |
| City | $0.93 |
| Fire | $0.50 |
| Cemetery | $0.05 |
It is important to note that these rates may vary depending on the specific location and property. Any questions or concerns regarding property taxes should be directed to the Washakie County Tax Assessor's Office.
Who sets property tax rates in Washakie County ?
Who sets property tax rates in Washakie County? The property tax rates in Washakie County are set by the Washakie County Commissioners. They are responsible for determining the tax levy for the county, as well as setting the mill levy for each taxing district within the county.
When are property tax rates set in Washakie County? The property tax rates in Washakie County are set annually, typically in the fall. The Washakie County Commissioners hold public hearings to gather input from residents before finalizing the rates. Once the rates are approved, they are applied to property assessments and collected the following year.
Additional Information Property taxes are an important source of revenue for local governments in the United States. They are used to fund essential services such as schools, roads, and public safety. If you have questions about property taxes in Washakie County, it's recommended to contact the Washakie County Assessor's Office or a local tax advisor for more information.
Homestead exemptions in Washakie County ?
In Washakie County, Wyoming, homeowners may be eligible for various Homestead exemptions and deductions. To help you navigate these options, we have compiled a table with information on the exemptions and deductions available in the county.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| County Option Property Tax Exemption | Primary residence of individuals 65 years or older, disabled individuals, or veterans | Up to 50% of the assessed value of the property | Must apply annually to the county assessor's office |
| Homestead Property Tax Exemption | Primary residence of individuals 65 years or older or disabled individuals | Up to $5,000 of the assessed value of the property | Must apply annually to the county assessor's office |
| Military Service Property Tax Exemption | Property of active-duty military personnel | 100% exemption of the assessed value of the property | Must provide proof of active-duty status to the county assessor's office |
| Renewable Energy Systems Property Tax Exemption | Property with renewable energy systems installed | Exemption of 100% of the assessed value of the renewable energy system | Must apply annually to the county assessor's office |
It is important to note that eligibility and requirements for these exemptions and deductions may vary based on individual circumstances. Homeowners are encouraged to contact the Washakie County assessor's office for more information and to apply for any applicable exemptions or deductions.
When is Washakie County Property Tax due ?
Washakie County Property Tax is typically due on November 10 each year. It is important to note that if November 10 falls on a weekend or holiday, the due date will be the following business day.
There are several payment methods available for property owners in Washakie County. These include:
| Payment Method | Details |
|---|---|
| Online | Property owners can pay their property tax online through the Washakie County website. This can be done using a bank account or credit/debit card. |
| Property owners can send a check or money order by mail to the Washakie County Treasurer's Office. The address is 1001 Big Horn Avenue, Worland, WY 82401. | |
| In Person | Property owners can pay their property tax in person at the Washakie County Treasurer's Office. The office is open Monday through Friday, 8:00am to 5:00pm. |
It is important to note that late payments will result in penalties and interest. Therefore, property owners are encouraged to pay their property tax on or before the due date to avoid additional fees.
If you have more questions - contact your local tax collector.
How is Washakie County Property Tax penalty calculated ?
Washakie County Property Tax Penalty Calculation
The penalty for late payment of property taxes in Washakie County is calculated at a rate of 1% per month or fraction of a month that the payment is overdue. Here's an example:
Let's say that John owns a property in Washakie County and his property taxes are due on January 31st. However, he was unable to pay the taxes on time and finally pays them on March 15th. This means that his payment is 1 and a half months overdue.
To calculate the penalty, we first find the fraction of a month that the payment is overdue. In this case, it's 0.5 months (since half of March has passed). We then multiply this fraction by the penalty rate of 1% per month:
0.5 x 1% = 0.005 or 0.5%
Therefore, John will have to pay an additional 0.5% of his property taxes as a penalty due to his late payment.
To avoid penalties like this, it's important to pay property taxes on time. Taxpayers can pay their property taxes online, by mail or in person at the Washakie County Treasurer's office.
We recommend contacting the Washakie County Tax Office or a local tax professional for the most up-to-date and accurate information.