Taxes

Applicable Tax

State

County

City

Corporate Income Tax

No

No

No

Manufacturing Machinery

No

No

No

Raw Materials & Goods in Process

No

No

No

Inventory Tax

No

No

No

Retail Sales Tax (6% total) (1% returns to local)

4%

1% Opt*

1%CF*

Personal Property Tax (Collected by County and redistributed between city and county)

No

Yes

Yes

Intangible Property Tax

No

No

No

School Utilities Tax

No

No

No

Personal Income Tax

No

No

No

Retirement Income From Other States

No

No

No

Corporate Licensing (based on WY assets)

Yes

No

No

Fuel/Highway Use Tax

Yes

No

No

Payroll Tax (Local)

No

No

No

Unemployment Insurance (Base Rate $14,700)

(Rated by Groups)

Yes

No

No

Worker Compensation

(Rates vary by occupation)

Yes

No

No

*County 1% Optional Sales Tax & City 1% Capital Facilities Tax

Real Estate Taxes

• Businesses looking to relocate in Sheridan County can expect to pay a mill levy in the following ranges:
• 63.5 in some areas of School District #2 and School District #3
  
• 66.5 in most of rural Sheridan County
• 71.5 mills in Clearmont and the City of Sheridan
• 74.4 in Ranchester/Dayton.
  
• All business/industrial zoning in Sheridan County is within incorporated cities/towns.
• Mill levies support the following: state, county, city/incorporated towns, school districts, school district recreation, county weed & pest, library, hospital, fire districts, etc.

Assessed Valuation:

Example:

(Commercial Property in Sheridan City Limits)

Commercial

9.5% of Market Value

Commercial Property Market Value

$100,000.00

Residential

9.5% of Market Value

Assessed Valuation Rate

(9.5% Market Value)

X 9.5%

Agricultural

9.5% of Production Value

Assessed Value of Property

$9,500.00

Industrial

11.5% of Market Value

Tax Rate (City of Sheridan)

(71.5 mills)

X .0715

Minerals

100% of Market Value

Total Real Estate Tax

on this Property

$679.25