Bill > HB0103

This bill proposes to change the property tax assessment ratio for residential property in Wyoming. Specifically, it sets the assessment ratio for owner-occupied primary residences at 8.3%, while maintaining the 9.5% assessment ratio for all other property. The bill also includes an appropriation of $87.1 million from the general fund to offset the revenue reduction for public schools and local governments resulting from the decreased assessment ratio for residential property. The bill is contingent on the approval of a related constitutional amendment during the 2024 general election.

Budget and Finance

https://www.wyoleg.gov/Legislation/2024/HB0103