Value statements to be mailed out

Residents will receive their 2022 Notice of Value statements from the Sweetwater County Assessor’s Office. According to Sweetwater County Assessor Dave Divis, residents signed to receive their statements by email should expect them “very shortly.”

Home values are calculated using a formula involving the replacement cost new, subtracting depreciation, adding the land value and trending for sales. Cost data is provided by the Wyoming Department of Revenue.

In a press release sent by Divis, he notes the cost tables saw a significant increase this year. One cause was the cost of building materials increasing significantly over the last year. Another cause is related to sales data collected throughout the county.

There were 700 valid residential sales occurring in 2021, with an average sale price of $267,402.

Both residential and commercial properties will see an increase in value due to the increases seen in the cost table and sales, with some properties’ valuation increasing by up to 20%.

“Please keep in mind, assessors are required by the Wyoming Department of Revenue and the State Board of Equalization, to be in compliance with Mass Appraisal Standards. These standards require the value of residential and commercial properties to be within 95% of the sales price for these properties in calendar year 2021,” Divis wrote in his press release.

People who disagree with their valuation have 30 days from March 30 to discuss the valuation with the assessor’s office and provide further information to help the office assess the property.

For veterans receiving a veteran’s exemption and do not find an amount printed on the lower right corner of the Notice of Value should contact the office before May 23 to receive the exemption for the 2022 tax year. Residents can contact the office at 872-3700 in Green River or 922-5200 in Rock Springs, or through email at assessor@sweetwatercountywy.gov.