Level of Assessment & Mill Levy

What is a Level of Assessment?

The level of assessment is a rate that is determined by the legislature, and applied to the Market Value as determined by the Assessor to determine the “taxable value” of a property. As of January 1^st, 1989, the rates are 9.5% for residential property, and 11.5% for industrial property (W.S. 39-13-103(b)).

What is a Mill Levy?

A Mill is 1/10 of $0.01 or $0.001 (one thousandth). A Mill Levy is the number of dollars a taxpayer must pay for every $1,000.00 of assessed value. The taxing entity determines the amount of dollars based on its budget request to the county commissioners. The property owner from the example was located within the city limits of Sundance, which has a mill levy of 69.5 mills. The dollar amounts may be broken down by taxing entities as follows:

Taxing Entity	$ amount from Mills	Percentage (%) of total
School District	237.50	35.97
State School	114.00	17.27
County General	86.82	13.15
City of Sundance	76.00	11.51
6 Mill School	57.00	8.63
Medical Services	28.50	4.32
County Library	22.06	3.34
County Museum	9.50	1.44
Weed & Pest	9.50	1.44
Leafy Spurge	9.50	1.44
County Fair	5.12	0.78
BOCES ½ Mill	4.75	0.72
*TOTAL*	*660.25*	*100*

This list represents only entities within the City of Sundance. There are other taxing entities for different locations within the county. All entities have a maximum number of mills allowed by state statute (W.S. 39-13-104).