CODY, Wyo. — Park County officials have denied an appeal by Merit Energy in a dispute over property taxes on the company’s oil and gas equipment used in the Wyoming county.
The Cody Enterprise reports (http://bit.ly/2jYLsUu ) that the Park County Board of Equalization disagreed with the company’s assertion that the equipment should be taxed at a lower rate because it is older.
Park County assessor Pat Meyer says that while the equipment is old, it has been well-maintained and therefore has greater tax value than what the company contends.
Meyer says the difference between company and the county on the tax calculations is about $100,000.
Merit attorney Walter Eggers says the county’s valuation methodology is “arbitrary” and therefore unlawful.
Merit can take the dispute to the State Board of Equalization.
Information from: The Cody Enterprise, http://www.codyenterprise.com