EXHIBIT V Assessed valuations of class I railroads in Wyoming since 1930 $27,692, 772 Chicago $7,970, 916 3,540, 948 3,470, 133 1938. 24,762, 756 4, 238, 508 3,546, 110 5,417, 413 41, 354, 280 Percentage changes in ad valorem assessed valuation of various types of property in Wyoming from 1962 through 1965 Chicago, Burlington & Quincy R.R. Co. betterments and/or additions EXHIBIT VIII BEFORE THE STATE BOARD OF EQUALIZATION FOR THE STATE OF WYOMING GENERAL ORDER NO. 2, 1962 (Buildings and/or structures) In the Matter of an Adjustment in the Boeckh System of Valuation for Taxation To the County Assessor and the Board of County Commissioners of By the Board: Whereas it is apparent to the Board that the assessed valuation of buildings and/or structures located on urban, suburban, rural, and industrial property, as calculated under the Boeckh System, are not properly equalized with other classes of property in the State; and Therefore, under the authority vested in the Board by Section 30-26, Wyoming Statutes, 1957, as amended by Chapter 158, Session Laws of 1961, It is hereby ordered that the following adjustments in the application of the Boeckh System in the assessment of buildings and/or structures located on urban, suburban, rural and industrial property, shall be made effective for the taxing year of 1963: 1. The equalization factor shall be changed from 60% of the depreciated 1938-39 replacement cost to 63% of such cost. 2. The annual normal rate of depreciation of such buildings and/or structures shall be changed from two (2%) percent per year to one (1%) percent per year. 3. The maximum normal total allowable depreciation shall be changed from 60% to 56%. It is further ordered that the County Assessor and the County Commissioners of County shall take the necessary steps to carry out the provisions of this order as above set forth so that changes in the valuations of buildings and/or structures located on urban, suburban, rural and industrial property shall be made effective for the taxing year of 1963, and so remain until further order of the State Board. Made and entered at Cheyenne, Wyoming, this 8th day of May A.D. 1962. STATE BOARD OF EQUALIZATION FOR THE State of WYOMING, Attest: ALBERT P. BRUCH, Chairman. WALTER W. HUDSON, Member. WM. "SCOTTY" JACK, Member. [SEAL] D. W. DAHLMAN, Secretary. EXHIBIT IX STATE BOARD OF EQUALIZATION OF WYOMING, Cheyenne, Wyo., December 20, 1965. AD VALOREM TAX DEPARTMENT GENERAL ORDER NO. 2, 1966 (Inventories) To the Honorable Chairman, County Board of Equalization and the County Assessor: By the Board: Pursuant to the authority granted to the State Board of Equalization under Section 39-26, Wyoming Statutes of 1957, this Order is hereby certified to you in accordance therewith. It is hereby ordered that merchandise inventories, including consigned and floor planned property, be assessed for the year 1966 at 30% of the average inventory, at cost F.O.B. point of assessment. It is further ordered that S. B. of E. Form No. 23 (Inventory), be used to obtain factual information on which to base inventory assessments for the year 1966. Dated at Cheyenne, Wyoming, this 20th day of December A.D. 1965. To the Honorable Chairman, County Board of Equalization and the County Assessor: By the Board: Pursuant to the authority granted to the State Board of Equalization under Section 39-26, Wyoming Statutes of 1957, this order is hereby certified to you in accordance therewith. It is hereby ordered that used motor vehicle inventories be assessed for the year 1966 at 30% of the average inventory. Value of said inventory to be based on average loan values as shown by the Official Usd Car Guide, Moutain States Edition, issued by the National Automobile Dealers Association, including accessories and equipment. Average loan value to be used rather than average wholesale value in order to make an additional allowance for average reconditioning costs. The County Assessors shall exercise their best judgment as to the value of used motor vehicles in unusually poor, obsolete or unusually good condition. It is further ordered that used farm machinery inventories be assessed on the same basis as has been ordered for assessment of used motor vehicle inventories, using the Official Tractor and Farm Equipment Guide as a base. Dated at Cheyenne, Wyoming, this 20th day of December A.D. 1965. Attest: STATE BOARD OF EQUALIZATION EXHIBIT XI STATE BOARD OF EQUALIZATION OF WYOMING, AD VALOREM TAX DEPARTMENT GENERAL ORDER NO. 4, 1966 (Personal Property) To the Honorable Chairman, County Board of Equalization and the County Assessor: By the Board: Pursuant to the authority granted to the State Board of Equalization under Section 39-26, Wyoming Statutes, 1957, this Order is hereby certified to you in accordance therewith. It is hereby ordered that the "Official Tractor and Farm Equipment Guide" be used as a base for assessing farm machinery for the year 1966. On new machinery use 30% of the "Current Suggested Retail Price," which is shown in the guide as "C-SRP" or "LP-SRP." On older machinery use 30% of the "Average As Is" value for the proper year. It is further ordered that Boats be assessed on the same percentage as has been ordered for the assessment of farm machinery. Information on boat prices can be obtained from Outdoors, Inc., 103 Guitar Bldg., Columbia, Missouri. It is further ordered that Aircraft be assessed at 30% of "Approx. Current Retail" prices as shown in the Aircraft Blue Book. This book can be obtained from Aircraft Dealers Service Association, P.O. Box 621, Aurora 8, Colorado. The subscription rate on this publication is $25.00 per year for quarterly issues, but it is our understanding that one issue can be ordered at a cost of $7.50, which should give you sufficient information. We suggest that you order the one for the 4th quarter of 1965. It is further ordered that Commercial Furniture, Fixtures and Equipment (Line 79 on Abstract) be assessed at 25% of depreciated value (current value). Depreciation Pamphlet, S.B. of E. Form 24, ATD, with which you have been supplied, is designed to produce this result when properly applied. It is recommended that this Depreciation Pamphlet be studied carefully and that it be utilized whenever practicable. It is recommended that the enclosed 1966 revised schedule covering Household Furniture, Refrigerators, Musical Instruments, Office Furniture, etc., be used as a guide in all counties for 1966. It is further ordered that the enclosed 1966 schedule covering Oil Field Equipment and Tankage be used in all counties for 1966. It is further ordered that the enclosed 1966 schedule covering Construction Machinery and Equipment be used in all counties for 1966. Additional copies of any schedules will be mailed on request. Dated at Cheyenne, Wyoming, this 20th day of December, A.D. 1965. STATE BOARD OF EQUALIZATION FOR THE STATE OF WYOMING, FRANCIS HILLARD, Member. Attest: ALEX J. ELIOPULOS, Secretary. |