Only property owners and businesses in the unincorporated areas of Carbon County will pay for the fire protection district proposed on the November 2022 election ballot.
The chart below conveys annual and monthly costs, based on home values. Calculations are based on a maximum 3 mill levy.
Want to figure your exact cost? Use the following calculation:
Home Value x 9.5% x .003 (for a 3 mill levy)
Home Value x 9.5% x .002 (for a 2 mill levy)
Home Value x 9.5% x .001 (for a 1 mill levy)
Below is the timeline for regular property tax collection and mineral production collection for a district able to levy for the 2023 year.
Using 2021 values, a new district levying 3 mills in unincorporated districts could expect to see approximately $826,075 between October 2023 and July 2024 in regular property tax revenue.
Using 2022 values, a new district levying 3 mills in unincorporated districts could expect to see approximately $906,575 between October 2023 and July 2024 in regular property tax revenue.
Mineral Ad Valorem payments will be delayed. They are also not as easily estimated. For reference, values for 2021 production would yield $383,870 for 3 mills and 2022 values would yield $780,706, respectively.
The Wyoming Consensus Revenue Estimating Group (CREG) estimates do forecast a slight increase in production over the next few years. However, because of the volatile nature of the industries that are tied to production, it is a best guess and could certainly change. With that in mind, if the actual production ends up lower than the estimated production that payments are based off during the reconciliation process, the treasurer will hold back distributions from entities to meet the shortfall the overpayment of tax created. Typically, this won’t be a significant difference, unless a district dissolves and no longer levies tax.