011-9 Wyo. Code R. §§ 9-14 - Apportionment of Valuation of Machinery and Equipment Among Counties
(a.) Machinery and equipment located in two
(2) or more counties during the year, except mobile machinery otherwise
required to be registered under
W.S.
31-18-203, shall be reported to the assessor
of the home county. When the valuation of machinery or equipment is subject to
apportionment between or among two or more counties, the owner or operator may
select either the time method or the monetary method of reporting the subject
equipment. Once the method of reporting is selected, it must be used for all
the machinery and equipment listed.
(i.) Time
method of reporting and valuation allocation.
(A.) The report shall include a listing of
machinery and equipment as requested by the assessor of the home county, as
well as the amount of time to the nearest whole week each piece of machinery or
equipment was used or located in each county during the immediately preceding
calendar year.
(B.) The valuation
shall be allocated as follows: the home county shall be entitled to assess
one-twelfth (1/12) of the assessed valuation of the machinery and equipment as
the base share. The remainder of the total assessed valuation shall be
allocated by applying to the remainder a ratio of the total number of weeks in
a county to the total number of weeks in the year, or 52. If the machinery and
equipment was located in the home county for any part of the year, the home
county is entitled to its proportionate share in addition to the base share of
one-twelfth.
(ii.) The
monetary method of reporting and valuation allocation.
(A.) The report shall include a listing of
machinery and equipment as requested by the assessor of the home county as well
as the monetary value of the work done by the owner or operator in each
county.
(B.) The valuation shall be
allocated as follows: the home county shall be entitled to assess one-twelfth
(1/12) of the assessed valuation of the machinery and equipment as the base
share. The remainder of the total assessed valuation shall be allocated by
applying to the remainder a ratio of the monetary value of the contract
performed in each county to the total monetary value of all contracts performed
in the state. If the machinery and equipment was located in the home county for
any part of the year, the home county is entitled to its proportionate share in
addition to the base share of one-twelfth. If there is no monetary value of
work performed, the time method must be used.
(b.) The assessor of the home county shall be
responsible for allocating portions of assessed value to the counties according
to this subsection.
(c.) The time
and monetary methods of reporting also apply to machinery and equipment brought
into the state after the assessment date of January 1st. The time method ratio,
if used, shall be modified to reflect the number of weeks remaining in the year
after the machinery and equipment is brought into the state.
(d.) In the event the owner or operator of
the machinery and equipment has a principal place of business out of state, all
machinery and equipment shall be registered pursuant to W.S. W.S.
W.S.
31-18-203.
(e.) "Home county" means the county in which
an owner or operator of equipment and machinery has a principal place of
business, and to which reports listing equipment and machinery used in two or
more counties are made.
Notes
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