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Natrona County Tax Payers Association

Dedicated to ensuring fair and equitable tax assessments in Natrona County.
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What is the most important step is an assessor required to do after he does his analysis?

DOR Reg Ch 9-5(b) (iv) Reconciliation. The appraiser shall weigh the relative significance, applicability and appropriateness of the indication of value derived from the approaches to value or methods outlined above, and will place the most weight and reliance on the value indicator which, in his professional judgment, best approximates the value of the subject property. The appraiser shall evaluate all alternative conclusions and reconcile the value indicators to arrive at a final estimate of value. For market value, the final estimate is that value which most nearly represents what the typical, informed, rational purchaser would pay for the subject property and a rational seller would accept if it were available for sale on the open market as of the date of the appraisal, given all the data utilized by the appraiser in their analysis.

What is a Ratio Study (Sales Ratio Study)?

DOR Reg CH 9-4(a) (xxxii) "Ratio Study (Sales Ratio Study)": A study of the relationship between appraised or assessed values and market values. Ratio studies evaluate the level and uniformity of the appraisals or assessments. A sales ratio study uses sales prices as proxies for market values, with the appraised/assessed value being the numerator and the sales price being the denominator.

What is the COD (Coefficient of Dispersion?

DOR Reg CH 9-4-(a)(viii) "Coefficient of Dispersion (COD)": The average deviation of a group of numbers from the median expressed as a percentage of the median. In ratio studies, the average percentage deviation from the median ratio.

Can I use statements of sale from individuals during my appeal?

WS34-1-123. Admissibility of conveyance or record thereof as evidence.

All deeds, mortgages, conveyances or instruments of any character, concerning any interest in lands within this state, which shall be executed, acknowledged, attested or proved in accordance with the provisions of this act or the laws of this state, or the local laws of any mining district wherein such real estate is situate, in force at the date of such acknowledgment, attestation or proof, may be read in evidence, without in the first instance additional proof of the execution thereof, and the record of any such deed, mortgage, conveyance or instrument, whether an original record of any mining district, or a copy thereof deposited in the register's [county

clerk's] office of any county, in accordance with the laws of this state (as a part of the records of such mining district) or a record of such recorder's office, when the same appears by such record to be properly acknowledged, attested or proved in accordance with the laws of this state, or of the proper mining district in force at the date of such acknowledgment, attestation or proof, or a transcript from any such record, certified by the register [county clerk] of the proper county where such deed, mortgage, conveyance or instrument ought by law to be recorded, may, upon the affidavit of the party desiring to use the same, that the original thereof is not in his possession or power to produce, be read in evidence with like effect as the original of such deed, mortgage, conveyance or instrument properly acknowledged, attested or proved as aforesaid, but the effect of such evidence may be rebutted by other competent testimony.

How often does my property have to be physically inspected by the assessor?

WY DOR Reg. CH 9 sec 3  (c) County Assessors shall physically inspect all real properties within their jurisdiction at least once every six years in order to assure the property

characteristic data are correct. The Department may, if necessary, require a yearly plan from the assessor to assure compliance. Exempt properties shall be reviewed as deemed necessary by the assessor to assure the basis for the exemption remains valid and applicable.

FAQ

  • What Chapter of the Department of Revenue Regulations deals with Property Taxes?
  • Can I appeal a County Board of Equalization decision?
  • Can I use statements of sale from individuals during my appeal?
  • Can the Assessor deny me the data he used to compute my property value?
  • How may an Assessor be penalized or removed from office?
  • How often does my property have to be physically inspected by the assessor?
  • I have filed a formal appeal what documents should I ask the Assessor for?
  • The Assessor made me sign a non disclosure agreement, who by law may I share the information with?
  • What appraisal method may an assessor use to value my property and what is he required to take into consideration?
  • What does the Linear Regression Model the Assessor gave me mean?
  • What information must the Assessor take into account when assigning my property to an LEA?
  • What is a Land Economic Area (LEA)?
  • What is a Median Value and why is it important?
  • What is a Neighborhood(NBHD)?
  • What is a Ratio Study (Sales Ratio Study)?
  • What is Fair Market Value and why is it important?
  • What is the COD (Coefficient of Dispersion?
  • What is the most important step is an assessor required to do after he does his analysis?
  • What statute covers the rules for an appeal?
  • What Wyoming Department of Revenue regulation deals with property taxes?
  • What Wyoming Statutes deal with property taxes?
  • Who makes up the County Board of Equalization?
  • Who may act as my Agent during an appeal?
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“This information is provided for educational purpose only. It is not meant to be legal advice. For legal advice please contact your attorney.”