summary
Introduced
In Committee
Crossed Over
Passed
Dead
02/10/2026
02/10/2026
Introduced Session
2026 Budget Session
Bill Summary
AN ACT relating to taxation; amending a property tax exemption for single family residential structures based on the prior year assessed value; amending a property tax exemption for land associated with a single family residential structure based on the prior year assessed value; and providing for an effective date.
AI Summary
This bill amends existing Wyoming law to reduce the percentage increase allowed for property tax exemptions on single-family residential structures and the land associated with them. Previously, these exemptions could increase by up to four percent annually based on the prior year's assessed value, minus any prior year exemption, plus four percent. This bill changes that allowable increase to two percent, meaning the property tax exemption for both the structure and its associated land will grow at a slower rate each year. This change is intended to adjust how property tax exemptions are calculated and will take effect on July 1, 2026.
Sponsors (8)
Tony Locke (R)*,
Bill Allemand (R),
John Bear (R),
Gary Brown (R),
Bob Ide (R),
Ken Pendergraft (R),
Justin Riggins (R),
Clarence Styvar (R),
Last Action
Failed Introduction 31-29-2-0-0 (on 02/10/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.wyoleg.gov/Legislation/2026/HB0124 |
| BillText | https://www.wyoleg.gov/2026/Introduced/HB0124.pdf |
| Fiscal Note | https://www.wyoleg.gov/2026/Fiscal/HB0124.pdf |
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