JACKSON, Wyo. — Hundreds of Teton County businesses could owe more in taxes this year as the Teton County Assessor’s Office seeks commercial personal-property taxes that have gone uncollected for years.
“This is not anything new,” Assessor Melissa Shinkle said. “This is just a matter of catching up because it hasn’t been done for years in this office.”
Each year, the assessor receives a list of businesses operating in the county that charge sales taxes. The assessor is expected to tax businesses’ property that is used to generate income.
Of the 2,158 businesses licensed in Teton County, 866 had not been paying personal-property taxes, Shinkle said. All 866 were mailed a letter Dec. 3 requesting an inventory of their business’ assets for taxation.
Shinkle was clear that she does not fault the business owners.
Wyoming state statutes require county assessors to tax property owned by businesses — from computers to machinery to cameras. Businesses must annually report an inventory of those items on the honor system.