011-9 Wyo. Code R. § 9-14

Current through April 27, 2019
Section 9-14 - Apportionment of Valuation of Machinery and Equipment Among Counties

(a.) Machinery and equipment located in two (2) or more counties during the year, except mobile machinery otherwise required to be registered under W.S. 31-18-203, shall be reported to the assessor of the home county. When the valuation of machinery or equipment is subject to apportionment between or among two or more counties, the owner or operator may select either the time method or the monetary method of reporting the subject equipment. Once the method of reporting is selected, it must be used for all the machinery and equipment listed.

  • (i.) Time method of reporting and valuation allocation.
    • (A.) The report shall include a listing of machinery and equipment as requested by the assessor of the home county, as well as the amount of time to the nearest whole week each piece of machinery or equipment was used or located in each county during the immediately preceding calendar year.
    • (B.) The valuation shall be allocated as follows: the home county shall be entitled to assess one-twelfth (1/12) of the assessed valuation of the machinery and equipment as the base share. The remainder of the total assessed valuation shall be allocated by applying to the remainder a ratio of the total number of weeks in a county to the total number of weeks in the year, or 52. If the machinery and equipment was located in the home county for any part of the year, the home county is entitled to its proportionate share in addition to the base share of one-twelfth.
  • (ii.) The monetary method of reporting and valuation allocation.
    • (A.) The report shall include a listing of machinery and equipment as requested by the assessor of the home county as well as the monetary value of the work done by the owner or operator in each county.
    • (B.) The valuation shall be allocated as follows: the home county shall be entitled to assess one-twelfth (1/12) of the assessed valuation of the machinery and equipment as the base share. The remainder of the total assessed valuation shall be allocated by applying to the remainder a ratio of the monetary value of the contract performed in each county to the total monetary value of all contracts performed in the state. If the machinery and equipment was located in the home county for any part of the year, the home county is entitled to its proportionate share in addition to the base share of one-twelfth. If there is no monetary value of work performed, the time method must be used.

(b.) The assessor of the home county shall be responsible for allocating portions of assessed value to the counties according to this subsection.

(c.) The time and monetary methods of reporting also apply to machinery and equipment brought into the state after the assessment date of January 1st. The time method ratio, if used, shall be modified to reflect the number of weeks remaining in the year after the machinery and equipment is brought into the state.

(d.) In the event the owner or operator of the machinery and equipment has a principal place of business out of state, all machinery and equipment shall be registered pursuant to W.S. W.S. W.S. 31-18-203.

(e.) "Home county" means the county in which an owner or operator of equipment and machinery has a principal place of business, and to which reports listing equipment and machinery used in two or more counties are made.

011-9 Wyo. Code R. § 9-14