County Assessor - Commercial Personal Property
Commercial Personal Property ~ Reporting & Valuation
- Wyoming Constitution Article 15, Section 11. "(a) All property, except as in this
constitution otherwise provided, shall be uniformly valued at
its full value as defined by the legislature, in three (3) classes
as follows:... (iii) All other property, real and personal......
- Wyoming Statute 39-13-103. "(b)(i) Except as otherwise provided: (A) All
taxable property shall be annually listed, valued and assessed
for taxation in the county in which located and in the name of
the owner of the property on January 1;" (continued)
- Wyoming Statute 39-13-103. "(b)(ii)Property valued at fair market value.
All property shall be annually valued at its fair market value.
Except as otherwise provided by law for specific property, the
department (Department of Revenue) shall prescribe by rule and
regulation the appraisal methods and systems for determining market
value using generally accepted appraisal standards."
- Wyoming Department of Revenue Rules, Chapter 9 Section 13. Identifies the Wyoming
Personal Property Valuation Manual as the instrument of 39-13-103
above. The manual contains general listings of personal property
categories, trending and depreciation tables and other related
information. The Manual is available from the Wyoming Department
of Revenue, 122 West 25th Street, Herschler Building, Cheyenne,
- Trending and depreciation tables may be found on the DOR web site
- The Laramie County Assessor is tasked with the responsibility of identifying,
valuing and assessing all personal property not specifically exempt
by statutes. To meet this end procedures have been established
and outlined as follows:
- Identification of Businesses: Commercial and industrial operations are identified
through various means such as sales tax lists, telephone books,
advertisements, observations or word of mouth. New businesses
are added to a historical listing of businesses in the Computer
Assisted Mass Appraisal (CAMA) sub-system required by the state.
The information contained in this file is used to generate letters
and forms sent to the businesses each year requesting updated
reports/renditions of personal property. The timetable for the
mailing of the forms is in late November of each year and they
must be completed and returned by the following March 1st.
- Taxable Personal Property: All tangible personal property used in a business is
taxable and must be listed. This will include (but not limited
to) all furniture, fixtures, machines, computers, software, equipment,
telephone systems, tools, manuals or libraries, unlicensed vehicles,
mobile machinery, along with any small items used in a business.
Leasehold improvements must be reported, but listed separately
and clearly identified. Leased equipment must be listed in detail
along with the name and address of the lease company. Inventory
held for resale and licensed vehicles should not be reported.
- Information Needed: To insure that a proper value is placed on each item of
personal property, it is in the interest of the owner to list
as much information as possible. The forms provided have columns
for Description, Make, Model, Year Built, Serial Number, Installed
Cost, Date Acquired and New/Used. If you paid separately for freight,
installation, taxes or other fees, the cost must be either added
to the item or listed separately and identified. The three most
important columns are the Description, Installed Cost and Date
Acquired. These will establish the category, trending and depreciation
tables used in arriving at a value for tax purposes.
- Property Location: This field on the personal property form must be completed
to insure that the property is assessed in the appropriate tax
district. A separate form should be completed for each location.
- Update Reporting: After the first years reporting this office will generate and
mail a personal property listing reflecting the information provided
the previous year. Corrections, deletions and additions must be
made to the forms and returned to this office by the March 1st
- All property owners subject to taxation will be notified in March of each year
with the mailing of Assessment Schedules. These schedules will
have the estimated market value and assessed value of the property
reported and as with all assessments must be appealed within 30
days of the mail date if the owner objects to the value.
- If a business subject to personal property assessment fails to report or respond
to inquiries An Estimate of Value will be placed on the property
based on the best available information. All reports are subject
to on-site review or audit for accuracy of reporting.
- Proper reporting of property is a responsibility and part of doing business. It
aids in the fair and equal assessment intended by the constitution
and supporting statutes.