City of Torrington
"An equal opportunity employer"
2017 East A Street Torrington, WY 82240
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City of Torrington
"An equal opportunity employer" 2017 East A Street Torrington, WY 82240 |
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Trucks, truck trailers, semi-trailers, and trailers are exempt from sales tax if used in interstate transportation and operated by holders of Interstate Commerce Commission permits. Other exemptions include power or fuel consumed directly in manufacturing, processing, or agriculture; Intrastate transportation of raw products to processing or manufacturing plants; and livestock, feeds for livestock, seeds roots, bulbs, plants, and fertilizer purchases if used for resale. Workers' Compensation: Costs vary from.21% to 10.24% of total wages depending on the job type, and may be optional. The rate is adjusted according to each business's record after two years. Unemployment Rates: State rates vary from 1% to 1.71% on the first $14,700 of wages. The rate is adjusted according to each business's record after two years. Property Taxes: Industrial assessed at 11.5% of market value. Commercial and residential assessed at 9.5% of market value. Total Average Mill Levy:.069539 Industrial Sample: Property tax for $100,000 market value of land and building is: $100,000 x .115 x.069539 = $799.70 per year. Retail Sample: Property tax for $100,000 market value of land and building is:$100,000 x .095 x .069539 = $660.62 per year. Personal property in transit, as well as goods manufactured or assembled in Wyoming when the final destination is out of state, are exempt from property tax.
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