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sweet.wy.us
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Definitions (43)
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abatement
An official reduction or invalidation of an assessed valuation after the initial assessment for ad valorem taxation has been completed.
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account number
The Account Number for a parcel is generated by RealWare. It is used by the Assessor’s Office to identify parcels. These seven-digit numbers are prefaced with R for Real Property, P for Personal Property, M for Mobile Homes and O for Oil and Gas Industries. Each parcel has three different numbers associated with it: Account Number, Tax ID / Parcel [..]
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acre
A land measure equal to 43,560 square feet.
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ad valorem
Literally, according to value.
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ad valorem tax
A tax levied in proportion to the value of the thing(s) being taxed. Exclusive of exemptions, use-value assessment provision, and the like, property tax is an ad valorem tax.
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assess
To value property officially for the purpose of taxation.
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assessed value
The taxable value of a property. This value is calculated by multiplying the fair market value by the assessment level or tax rate. View more information about assessed value.
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assessment date
The status date for tax purposes. Appraised values reflect the status of the property and any partially completed construction as of this date. The date for Wyoming is January 1 of each tax year. All properties in Wyoming must be valued, assessed, and taxed to the owner of record on this date.
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assessment level / tax rate
The percentage of fair market value that determines assessed value. The current level of assessment in Wyoming for industrial property is 11.5%, for any producing mineral it is 100%, and for all other property it is 9.5%. The level of assessment is set by the Wyoming State Legislature and is subject to change.
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assessment roll
A public record that shows how the property tax levy is allocated among the property owners in a jurisdiction with taxing powers; usually identifies each taxable parcel in the jurisdiction, the name of the owner of record, the address of the parcel or the owner, the assessed value of the land, the assessed value of the improvement(s), applicable ex [..]
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