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County tax profile · 2026 · Census ACS + IRS data

Property Tax & Income in Hot Springs County, Wyoming

Hot Springs County has an effective property tax rate of 0.54%. On the median home value of $227,500, that's roughly $1,236 per year. Median household income is $61,250.

Effective Property Tax Rate1
0.54%
median tax $1,236 ÷ median home $227,500
Median Home Value1
$227,500
owner-occupied
Median Household Income1
$61,250
per-capita $33,214
Est. Annual Tax on Median Home1
$1,236
at 0.54% effective rate

What you'll pay, at a glance

Property taxes are the largest local tax most homeowners pay. The effective rate measures the real tax bill as a share of home value — a more useful number than the nominal “mill rate,” because assessment practices vary county to county.

MetricHot Springs CountyWyoming (state context)
Effective property tax rate10.54%0.56%
Median home value1$227,500—
State income tax3No state income taxNo state income tax
State sales tax35.39% combined5.39% combined

How this is calculated

The effective property tax rate is the median real-estate tax bill divided by the median home value — both for owner-occupied homes, from the U.S. Census Bureau's American Community Survey (ACS 5-year estimates)1. Median income is also from the ACS1. Federal and state income-tax figures use IRS2 and Tax Foundation3 data.

About Hot Springs County, WY

In Hot Springs County, Wyoming, where Thermopolis and Kirby are the main communities, property taxes run at an effective rate of 0.543% — below Wyoming's statewide median of 0.563% and well under the national figure of 0.794%. That rate applies to a median home value of $227,500, producing an annual real-estate tax bill of about $1,236. Buyers weighing affordability here will find both halves of the equation working in their favor: purchase prices sit at a level that keeps down payments and mortgages within reach, while the yearly tax obligation stays low enough that it won't strain a budget. Household income in the county averages $61,250, with per-capita income at $33,214. Among Wyoming's 23 counties, this one ranks 17th by property tax rate, placing it among the state's more affordable markets for owners.

Frequently asked questions

What is the property tax rate in Hot Springs County, WY?
The effective rate is 0.54% — meaning the median tax bill equals about 0.54% of the median home value.
How much are property taxes on a median home?
On the median home ($227,500), the estimated annual bill is about $1,236.
Is Hot Springs County's rate high or low?
Compare it to the state median of 0.56% and the national average near 1.1%.
How does the effective rate differ from my mill rate?
A mill rate is the nominal levy per $1,000 of assessed value. The effective rate reflects what you actually pay after exemptions and assessments — it's the median tax bill as a share of median home value, so it better predicts your real cost.
Will a reassessment raise my tax bill?
Not necessarily. If your home's assessed value rises, your bill can go up, but only if the mill rate and exemptions stay flat. Contact the Hot Springs County assessor's office to review your current assessment.
Can I appeal my property tax assessment?
Yes. Most counties allow an appeal when you believe the assessed value exceeds the market value. File with the Hot Springs County assessor within the local deadline, typically with comparable sales as evidence.
Sources
[1] U.S. Census Bureau — ACS 5-Year (2023) — Median home value (B25077), median real-estate taxes (B25103), median household income (B19013), per-capita income (B19301).
[2] IRS — Statistics of Income — County income, AGI, and real-estate taxes paid.
[3] Tax Foundation — State income, sales, corporate, and estate/inheritance tax rates.