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No tax break for local property taxes as county's valuation plunges

No tax break for local property taxes as county's valuation plunges

*Feature Photo: The Fremont County Courthouse in Lander. (Pitchengine Communities) * (Lander, Wyo.) - Fremont County Assessor Tara Berg told the county commissioners on Tuesday that the county's valuation has dropped nearly three quarters of a billion dollars. She said the valuation is "expected to be down about 27% from $916,766,870 in 2015 to $669,000,000 for 2016," she said. "The decrease comes from declining valuation in oil & gas valuations." While the county's valuation is down "this decrease does not mean that local values, commercial and residential, will see this decrease. Analyzation shows that those values are not showing a decline – but we work a year behind in the valuation process. The Industrial Real and Personal properties, however, are showing 10% decrease from oil & gas equipment and plants (ie. Lost Cabin Gas Plant, Devon Plants, etc)," she said. Berg did note that the upcoming valuation for 2017 should be better. "We anticipate that the assessed value for fiscal year 2017 will recover 5% to $702 million." (click to enlarge) [image: Inline image 1] #county10 #news