Office of the County Treasurer
Converse County, Wyoming Office of the County Treasurer
Converse County, Wyoming Joel Schell, Treasurer
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What's a Property Tax?

A property tax in Wyoming is an AD VALOREM tax. Therefore, the more your property is worth, the higher your taxes are.

In order to tax the property, a TAXABLE VALUE must be determined.

First, the County Assessor assigns the property a FAIR MARKET VALUE. The fair market value is multiplied by a TAXATION RATE to calculate the taxable value. The taxation rate depends on how the Assessor classifies the property.

Properties are classified in one of three areas;

Gross production of minerals and mine products (taxed at 100%);
Property used for industrial purposes (taxed at 11.5%); and
All other property, REAL and PERSONAL (taxed at 9.5%).
Place your mouse over any word in red and all-caps in order to see definitions of those words.
Ad Valorem means "on value," or that the taxes are based on the value of the property.
Real property is land and property permanently attached to the land. Modulars on a foundation, houses and non-removable buildings, for example.
Personal property is movable property - mobile homes, construction equipment or mineral production, for example.
Taxable Value is a percentage of the fair market value.

Currently 100% of the value for mineral production, 11.5% of the value for industrial property and 9.5% for real and personal property. So, if you had a $100,000 house, your Taxable Value would be $9,500.

Fair Market Value is the value of the property in the current market. In the case of real property (land, houses and structures), the Assessor uses sales of comparable homes in the same area as well as many other factors to determine the fair market value, much like a property apprasier would.
Taxation Rate is the percentage of fair market value that is taxable.

The rate is set by the legislature. Current rates are

Mineral Products : 100%
Industrial Property : 11.5%
Real and Personal Property : 9.5%

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