Teton County Wyoming

Assessor

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Personal Property

Overview
Proper reporting of personal property and paying the subsequent taxes are the responsibilities of those doing commercial, agricultural, industrial, and oil and gas business in Wyoming.

Wyoming State Statutes give the County Assessor the responsibility of identifying, valuing, and assessing all business personal property in Teton County as of January 1 of each year. Businesses are identified through various means such as:

  • Newly issued sales tax permit lists provided by Wyoming Department of Revenue
  • Telephone books
  • Advertisements
  • Observations or word of mouth
  • Field inspections

Definition
Personal property, by definition, consists of every kind of property that is not real property. It is moveable without damage to itself or the real estate. Personal property for taxation purposes is any equipment, machinery, computers, software, electronics, tools, furniture, phones, and cameras, to name some examples, used for business purposes.

Licensed vehicles are not included because property tax is paid when license tags are paid for. Personal property held for personal use is tax exempt. Inventory, pollution control equipment, cash, accounts receivable, stocks, and bonds are also exempt.

Personal property reporting has always been done on an honor system in this County. For the system to be fair, all businesses must honestly declare personal property used in the business on the appropriate forms. All reports are subject to on-site review or audit for accuracy of reporting.

All property owners subject to taxation are notified in April of each year with the mailing of Assessment Schedules. Personal Property Assessment Schedules have the estimated market value and assessed value of the property reported by the business. Personal property assessed value is a factor of the estimated market value minus depreciation. As with all assessments, they must be appealed within 30 days of the postmark date if the business objects to the value. The Appeal Process is explained on the Real Property page.

If a business does not file a listing of personal property on the appropriate form by the March 1 due date, a non-report estimate of value will be placed on the property based on the best available information and a fine may be imposed. The reporting deadline may be extended to April 1 if the Assessor’s Office is notified. According to Wyoming State Statute 39-13-108 (c), a business could be fined $500 with an additional $100 per day for failure to file or report accurately.

After the first year of reporting, our office generates and mails a personal property listing reflecting the information provided the previous year. Each business must verify what is listed, check for accuracy, make corrections, deletions, and/or additions, sign the form, and return it to our office by the March 1 due date. This form must be returned even if there has been no change in the business personal property.

Personal property is taxed in the same manner that real property is taxed. A commercial or agricultural company reporting $10,000 in Teton County would pay an average of $64 personal property tax.

Aircraft Information >

Declaration form and general information on aircraft as personal property.

Phone: (307) 733-4960
Fax: (307) 732-8444

Teton County Administration Building, P.O. Box 583
200 South Willow Street
9 AM - 5 PM Monday thru Friday

Mission Statement

Fair, uniform, and equitable appraisals within the law.

It is the statutory duty of the Assessor`s office to locate, identify, and value all taxable property in Teton County. We are mandated and prescribed by state law on how we perform our assessments and when we perform our assessments.


Web Disclaimer Neither Teton County, nor the Teton County Assessor`s Office, nor any officer or employee of the Assessor`s Office, warrants the accuracy, reliability or timeliness of any information in the Public Access System and shall not be held liable for any losses caused by such reliance on the accuracy, reliability or timeliness of such information. Portions of such information may be incorrect or not current. Any person or entity that relies on any information obtained from the system does so at his or her own risk.

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