Thermopolis, Hot Springs County, Wyoming Property Taxes

Name: Property Tax Bills Across Thermopolis, Hot Springs County, Wyoming
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Thermopolis, WY effective property tax rate: 0.69%, slightly lower than the national median of 1.02%, but higher than the Wyoming state median of 0.65%.
Median Thermopolis, WY home value: $161,554
Median annual Thermopolis, WY tax bill: $1,109, $1,291 lower than the national median property tax bill of $2,400.

How are property taxes in Hot Springs calculated?

Property taxes in Thermopolis, WY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Thermopolis’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Thermopolis, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Thermopolis, Hot Springs County, Wyoming Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.69%

Estimate Property Tax Bill

$1,115

$1,034

Ownwell’s Thermopolis Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Thermopolis with just two data points. By entering your property's estimated assessed value, our calculator applies Thermopolis’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hot Springs County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Thermopolis, Hot Springs County, Wyoming

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

Thermopolis in Hot Springs County, Wyoming, has an effective property tax rate that is noteworthy when compared to other cities in the state. The rate is consistent across the region, reflecting the county's strategic financial planning. The median property tax rate in Wyoming is lower than the national median, offering residents a more affordable tax environment. This makes Thermopolis an attractive option for property owners looking to benefit from lower tax obligations while still enjoying the amenities and services provided by the local government. By understanding these dynamics, property owners can make informed decisions and potentially save on their property tax bills.

Property Tax Rates Across Thermopolis, Hot Springs County, Wyoming

Source: Ownwell

0.69%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Thermopolis Tax Rate

0.69%

Median Effective Hot Springs County Tax Rate

0.69%

Median Effective Wyoming Tax Rate

0.65%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Thermopolis, Hot Springs County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
82443	0.60%	0.64%	0.69%	0.69%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Thermopolis, Hot Springs County, Wyoming

When examining property taxes in Thermopolis, Wyoming, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hot Springs County Assessor's Office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: In Hot Springs County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Thermopolis. For example, the median home price in Thermopolis is $161,554, with tax bills ranging significantly across the county. 82443 has the highest median home price at $161,554.

Property Tax Assessment Values Across Thermopolis, Hot Springs County, Wyoming

Source: Ownwell

$47,709

$104,632

$161,554

Median Thermopolis Market Value

$161,554

Median Hot Springs County Market Value

$159,319

Median Wyoming Market Value

$247,958

Median United States Market Value

$235,294

Property Tax Assessment Values Across Thermopolis, Hot Springs County, Wyoming

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
82443	$26,841	$77,600	$161,554	$265,400	$437,040

Source: Ownwell

Property Tax Bills Across Thermopolis, Hot Springs County, Wyoming

In Thermopolis, located in Hot Springs County, WY, property tax bills are determined by assessing a property's market value and applying the local tax rate. With a median home price of $161,554, the tax bill can vary significantly. For instance, the 25th percentile tax bill is around $565, while the 75th percentile reaches approximately $1,805. This variation highlights the impact of property value assessments on tax obligations. Homeowners in Thermopolis often find their tax bills below the national median property tax bill of $2,400, offering some financial relief compared to other regions.

However, understanding and navigating property tax assessments can be challenging. This is where Ownwell steps in, providing expert property tax appeal and exemption services. By leveraging local market data and tax regulations, Ownwell helps homeowners identify potential savings on their property tax bills. Our team works diligently to ensure that properties are fairly assessed, potentially reducing tax burdens and securing significant savings for homeowners in Thermopolis.

Property Tax Bills Across Thermopolis, Hot Springs County, Wyoming

Source: Ownwell

$346

$728

$1,109

Median Thermopolis Tax Bill

$1,109

Median Hot Springs County Tax Bill

$1,094

Median Wyoming Tax Bill

$1,635

Median United States Tax Bill

$2,400

Property Tax Bills Across Thermopolis, Hot Springs County, Wyoming

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
82443	$209	$565	$1,109	$1,805	$2,973

Source: Ownwell