- Uinta County
- Offices/Departments
- County Assessor
- Commercial Personal Property
Commercial Personal Property
OverviewWyoming StatutesThe Wyoming State Constitution, state statutes and Department of Revenue rules detail the valuation and taxation of commercial personal property in the state through the following articles and statutes: 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: the gross production of minerals and mine products; industrial property; and all other property real and personal. Wyoming Statute 39-13-103“(b)(i) Except as otherwise provided: (A) All taxable personal property brought, driven or coming into Wyoming, or acquired, after the assessment date and prior to December 31 which remains in Wyoming at least thirty (30) days and has not been regularly assessed for taxation in any other Wyoming county is subject to and shall be assessed for all taxes levied in the county in which the property is located for the calendar year except as herafter provided. Property subject to this paragraph brought, driven or coming into Wyoming, or acquired, after March 1 is subject to taxes only for the proportionate part of the year remaining, computed to the closest full month. 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 Sec 6(F)(B)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, WY 82002-0110. |
AssessmentsAll property owners subject to taxation will be notified in April 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 thirty 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 a value estimate 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. |
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Owner ParticipationProper 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. |
Link to the form: /DocumentCenter/View/322 |
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Recent Legislation Related to Business Personal Property:
SF0048 Business property exemption
SF0049 Tangible personal property-index and depreciation