Property owner cooperation and participation is key to a fair system
of taxation for all Wyoming property owners. The following information
is intended to help you understand the importance of the information
provided on the statement of consideration. Thank you for your
What is a Statement of Consideration?
Wyoming Statute 34-1-142 requires a statement of consideration be
completed whenever a deed, contract or other document transferring
legal title is recorded. Information such as the date of sale, purchase
price, terms of sale, etc. are required. You will probably complete
this document at the time of closing.
I don't want everyone to know what I paid!
Information on the Statement of Consideration is NOT public
information and you are protected from random disclosure by provisions
and penalties in 34-1-142. Persons appealing their assessment may
review the sales information of properties that were used to determine
their fair market value. The review period is only during the 30-day
appeal period. Property owners may not further disclose the sales
information to other persons or property owners. The sales information
may be introduced and revealed to the County Board of Equalization
during a formal appeal, but further disclosure is prohibited.
What does the assessor do with the information?
The County Assessor has the complex job of annually determining
the fair market value of all the property within the county. To
accomplish this, sales information for an area is analyzed to develop
adjustments to bring the property to current market value. Through the
use of computer programs, information gained from properties that have
sold can be used on properties not sold to achieve a fair market value
for all properties. Because the sales information is crucial to this
analysis, the assessor may need to verify the information with one or
more of the parties to the transaction. This may be done by phone, mail
or in person.
Why is my assessment notice higher than what I paid?
Wyoming statute also states an individual statement of
consideration shall not, by itself, be used to adjust the assessed
value of any individual property. To ensure that sold properties are
being valued using the same procedures as unsold, all valid open market
sales within a neighborhood are used. Neighborhood boundaries are
developed on location, economic forces, governmental and social
factors. Within neighborhoods other considerations may be age, type of
Are all sales used in the market studies?
No, only sales that are considered valid open market sales are
used. Sales involving foreclosures, relatives, gifts, etc. are
generally not used.
I want to pay my fair share. How can I ensure my property value is within reason?
Owner participation is key in the development of accurate values.
Property characteristics such as size, construction type, amenities,
are collected by field appraisers. Owners are encouraged to review this
information to verify its accuracy. Actual sales information is used
by the assessor as an indicator of market value. Your assistance in
verifying the information is very helpful.