The value of state-assessed land in Big Horn County increased by 50% in the last year, driving the county’s total assessed valuation to its highest point since 2015.
Big Horn County Assessor Gina Anderson set the county’s total valuation at $248,468,601 in a report released by her office last week.
The total represents an increase of $51.042 million, or 25%, from the county’s 2021 total valuation of $197,426,831.
The last time the county valuation topped $248.46 million was 2015, when it was $279.25 million. It was $230.99 million in 2020, $227.83 million in 2019, $215.84 million in 2018, $201.51 million in 2017 and $215.15 million in 2016.
“The increase in our county valuation is mainly due to natural gas and oil values,” said Anderson.
Natural gas increased from $601,367 to $2.5 million, oil from $31.02 million to $65.15 million. Rural telecommunication valuation soared as well, increasing 70% from $568,273 to $967,304.