Bill > HB0169

This bill establishes a homeowner property tax exemption for Wyoming residents for tax years 2025 and 2026, allowing homeowners to receive a 50% exemption on the first $1 million of their residential property's fair market value. The exemption applies to various types of residential dwellings, including houses, mobile homes, townhouses, and condominiums. County treasurers will be required to track and report the tax revenue reductions, and the state will appropriate $125 million from the general fund to reimburse government entities, including school districts, for their lost revenue. To ensure full compensation, if the legislative appropriation is insufficient, funds will be drawn from the legislative stabilization reserve account, with a total cap of $100 million. The bill explicitly states that it is not intended to be substantially similar to any proposed citizen initiative on property tax relief. The exemption will not apply to tax year 2027 and thereafter, making it a temporary measure. Importantly, homeowners cannot receive this exemption if they are already receiving another specific homeowner exemption for the same tax year.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/HB0169