Bill > HB0279

This bill addresses how multiple property tax exemptions should be applied when they apply to the same property, providing a clear and systematic approach for the Wyoming Department of Revenue to follow. Specifically, the bill establishes three key rules for exemption application: first, when exemptions are for a portion of assessed value, they will be applied sequentially so that each subsequent exemption is calculated based on the modified value from the previous exemption; second, percentage-based exemptions will be applied from smallest to largest percentage; and third, exemptions not based on a percentage of property value will be applied after percentage-based exemptions. Additionally, the bill includes an appropriation of $10.5 million from the general fund to the Department of Revenue for a property tax refund program, with a provision that this amount may be reduced if another bill with a similar appropriation is enacted. The bill is designed to create more predictable and transparent rules for property tax exemptions, helping property owners and tax authorities understand exactly how multiple exemptions will be calculated and applied.

Budget and Finance

https://www.wyoleg.gov/Legislation/2025/HB0279