Wyoming Administrative Code
Agency 211 - Equalization, Board of
Sub-Agency 0001 - General Agency, Board or Commission Rules
Chapter 6 - STATEMENTS OF CONSIDERATION
Section 6-5 - County Assessor Responsibilities-Verification
Universal Citation: WY Code of Rules 6-5
Current through September 21, 2024
(a) Each county assessor shall:
(i) Review and confirm, as necessary, all data
on each SOC. The information on the SOC shall be confirmed or verified by
contacting buyers, sellers or others if:
(A)
There is reason to believe the data on the SOC is not complete or
accurate;
(B) The property sold is of
a less common type;
(C) The sale
price is significantly higher or lower than the assessor's current
valuation;
(D) The sale is part of a
sample of single-family sales that are routinely confirmed by audit or exception;
or
(E) Other considerations make the
sale significant for analysis.
(ii) If appropriate, adjust sales information
for financing, personal property, time of sale, and corrections obtained through
verification. Assessors shall not adjust sales price for real estate commissions,
closing costs, title insurance or property taxes, unless the buyer agrees to pay
all the commission or all the taxes, in which case the amounts of the payments
shall be added to the sales price.
(iii) Complete the information within the box
on the SOC entitled "FOR USE BY COUNTY ASSESSOR ONLY." Sales that are determined
to be invalid shall be identified by circling the appropriate CAMA invalidation
code.
The assessor shall preserve all documentation supporting invalidation of the SOC.
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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