Wyoming Delinquent Property Tax Records
Wyoming Delinquent Property Tax Records
Delinquent property tax records are an important tool for county governments in Wyoming to collect revenue from property owners who have failed to pay their property taxes on time. Property taxes are a significant source of revenue for local governments, including counties, school districts, and municipalities, and delinquent taxes can have a major impact on the ability of these entities to provide essential services to their residents.
In Wyoming, property taxes are assessed on both real estate and personal property, including vehicles, boats, and aircraft. Property owners are required to pay their property taxes by November 10th of each year, and penalties and interest begin to accrue on delinquent taxes as of November 11th. If a property owner fails to pay their property taxes by June 30th of the following year, the county treasurer may begin the process of selling the property at a tax sale.
One unique aspect of delinquent property tax records in Wyoming is the process by which properties are sold at tax sales. Wyoming is one of a handful of states that conducts tax sales as a sealed-bid auction, rather than an open outcry auction. This means that prospective buyers submit written bids for the properties they are interested in, and the highest bidder wins the property. The minimum bid for each property is set at the amount of taxes owed, plus any penalties, interest, and fees.
Another unique aspect of delinquent property tax records in Wyoming is the redemption period. After a property is sold at a tax sale, the original owner has the right to redeem the property by paying the full amount of the purchase price, plus interest, within three years of the sale. If the property is not redeemed within this time frame, the new owner can apply for a tax deed and take possession of the property.
In addition to the standard penalties and interest that accrue on delinquent property taxes, Wyoming law allows counties to charge additional fees for the cost of collecting delinquent taxes. These fees can include attorney fees, title search fees, and publication costs for notices of delinquent taxes.
Delinquent property tax records are publicly available in Wyoming, and can be accessed through the county treasurer’s office or through online databases maintained by the county. These records typically include information about the property owner, the amount of taxes owed, the penalties and interest that have accrued, and any fees associated with the collection process.
Property owners who are struggling to pay their property taxes in Wyoming may be able to work out a payment plan with the county treasurer’s office. These plans typically involve paying off the delinquent taxes over a period of time, with interest and fees included. Property owners who are unable to pay their taxes or work out a payment plan may face foreclosure and the eventual sale of their property at a tax sale.
In conclusion, delinquent property tax records in Wyoming play a vital role in the collection of revenue for local governments. Wyoming’s unique sealed-bid auction process and redemption period give property owners a chance to reclaim their properties after a tax sale, while the additional fees charged by counties help to cover the costs of collecting delinquent taxes. Property owners who are struggling to pay their property taxes should work with the county treasurer’s office to find a solution that works for them and helps them avoid the potential loss of their property.