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Real property is valued at "Market Value" not construction cost. Market Value is the most probable price expressed in terms of money that a property would bring if exposed for sale in the open market in an arm`s length transaction between a willing seller and a willing buyer. In other words, if you were to list your property for sale on the open market, what would be your asking price in our real estate market?
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Values are most often determined by comparing your property with properties that are similar in location, design, size, age and amenities. The market value is derived using the sales of similar property from the prior year.
Wyoming is a non-disclosure state; sale prices of property are not published as public information. Wyoming Statute 34-1-142 requires a statement of consideration be completed whenever a deed, contract or other document transferring legal title is recorded. Information such as the date of sale, purchase price, terms of sale, etc. are required. The sale information on the statement of consideration is used by the Assessor`s office in determining annual fair market value.
The rating for the Town of Jackson is an ISO 3. All areas within 5 road miles of the Jackson Station, the Wilson Station, the Admas Canyon Station and the Teton Pines station are an ISO 4. All other areas of the County are an ISO 10.