Wyoming Administrative Code
Agency 211 - Equalization, Board of
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 5 - EQUALIZATION STANDARDS AND PROCEDURES (LOCAL ASSESSMENTS)
Section 5-6 - Appraisal Standards and Compliance
Universal Citation: WY Code of Rules 5-6
Current through September 21, 2024
(a) The following are the standards used by the Board to determine if a county is in compliance with the fair market value standard. If a county is in compliance with the fair market value standard, no equalization order will be considered.
(i)
Level of Appraisal. The level of appraisal for residential and commercial,
improved and vacant, shall be between .95 and 1.05. To determine compliance with
this standard, a 95% confidence interval will be computed around the county's
level of appraisal and the confidence interval must include one or more points in
the range of .95 to 1.05.
(ii)
Appraisal Uniformity.
(A) The COD for improved
residential properties shall be 15 or less;
(B) The COD for improved commercial properties
shall be 20 or less;
(C) The COD for
vacant residential land shall be 20 or less;
(D) The COD for vacant commercial land shall be
20 or less;
(E) The PRD shall be
between .98 and 1.03 for residential and commercial properties. If a county does
not meet the PRD standard, the Board may trim outliers;
(F) The aggregate change in market value of
sold properties shall vary no more than 5% from the aggregate change in market
value of unsold properties within a class.
Disclaimer: These regulations may not be the most recent version. Wyoming may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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