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JOEL SCHELL, TREASURER
107 N 5th St, Ste 129, Douglas, WY 82633
307-358-3120 | 307-436-8650

 
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A TAXATION EXAMPLE

i The formula for taxation in Wyoming is:

Taxable Value = Taxation Rate X Fair Market Value

A house has a taxation rate of 9.5% (being real property).

Therefore, if the house had a fair market value of $100,000, it's taxable value would be:

9.5% X 100,000 = $9,500
Once the taxable value is determined, it's used to calculate how much tax is due on the property.

The formula for calculating taxes is:

Tax Owed = Taxable Value X Mill Levy / (divided by) 1000.
So, if a $100,000 house has a taxable value of $9,500 (at a 9.5% tax rate), and the mill levy in the tax district was 69.400, the tax would be:
$9,500 X 69.400 / 1000 = $659.30
What's a Mill Levy? Good question. Click here to find out.

 
 
 
 

TAX LINKS

INTRODUCTION
A basic introduction to Wyoming taxation.
CALCULATION
How property taxes are calculated. PROTEST
What you can do if you don't agree with your tax amount.
PAYMENT
When taxes are due and how they're paid.
DISTRIBUTION
Where the tax money goes.
MILL LEVIES
Used to determine how much each taxing entity receives.
TAX SALES
 How delinquent real estate taxes are collected.