Sublette County Mountain Man
 SUBLETTE COUNTY, WY
OFFICE OF COUNTY ASSESSOR
Janet L. Montgomery, County Assessor
Sublette County Courthouse
21 S. Tyler, P.O. Box 2057, Pinedale, WY 82941
Phone: 307-367-4374 / 276-3827          Fax: 307-367-3342
Email: assessor@sublettewyo.com

HOW YOUR PROPERTY TAX IS DETERMINED
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How Property Tax is Determined

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Language of Assessment: A Glossary of Terms

Frequently Asked Questions (FAQ)
    
Wyoming Statute - Title 39: Taxation & Revenue

Department of Revenue Rules & Regulations: Chapert 9 - Ad Valorem Valuation (Local Assessment)

Sublette County Commissioners' 2007-2008 State of the County Report		 Wyoming Statutes require all property to be valued at fair market value except for agricultural land which is valued by its productive capability. The fair market or productive value is given on the Assessment Schedule, also called a Notice of Assessment. To determine the final tax amount, there are a few terms which must be understood. Appraised Value is the fair market value (what the property could reasonably be expected to sell for.) Assessment Rate is the percentage of appraised value which determines the Assessed Value. The Assessment Rate is 9½% for agricultural, commercial, and residential property, 11½% for industrial, and 100% for minerals. A mill, literally one thousandth, means $1 of taxes for every $1,000 of Assessed Value and is the Tax Rate or Mill Levy. The average Mill Levy in Sublette County is 65 mills or about $6.20 per $1,000 of appraised or market value.

The formula for determining actual tax dollars is as follows:
Appraised Value × Assessment Rate = Assessed Value
Assessed Value × Mill Levy(Tax Rate) = Tax Dollars

The following is an example of how the tax amount for residential property is determined:
Appraised Value of property $200,000
Assessment Rate (9½%) ×   .095
Assessed Value of property $19,000
Mill Levy/Tax Rate (65 mills) ×  .065
Amount of Taxes $1,253

The Effective Tax Rate equals the amount of taxes divided by the property value. This is the rate used to compare the tax burden from one area to the next.

In our example, it is $1,235 ÷ 4200,000 = .0062 or .62%

At the bottom of the Assessment Schedule or Notice of Assessment sent in April of every year, an estimated tax is given as well as the previous year's tax amount. The estimate is based on the previous year's Mill Levy for your tax district. Your actual tax bill is sent to you in September after the county commissioners, school boards, towns, and special districts have held their budget hearings, and the final Mill Levies have been confirmed by the county commissioners.

If you have any questions regarding your property's valuation, please call. The Assessor will talk with you about your valuation or visit your property at your request.

Please do not hesitate to call the Assessor's Office
if you have any questions.
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