The role of the assessor’s office is to establish a value for all property, real and personal, for tax purposes. The assessor is required to establish a value and to assure that all values are in equalization according to Wyoming Statutes and Department of Revenue Rules and Regulations.
Market value is the price a willing buyer and seller would agree to under ordinary circumstances. This does not mean that an individual sale will automatically establish the value of a property. The assessor uses multiple sales of comparable properties in establishing value.
Taxable property is divided into two classes. Real property includes land and all buildings, structures and improvements to the land. Personal property includes machinery and equipment, fixtures, furniture, and other items that are moveable in nature. Personal effects that are not held for commercial or industrial use are not taxable.