Signed by Governor Mark Gordon

Vote Smart's Synopsis:

Vote to pass a conference report that establishes property tax exemption for single family homes in Wyoming.

Highlights:

• Establishes a property tax exemption of 50% for single-family residential structures and the associated land in Wyoming (Sec. 1). 

• Defines a “single-family residential structure” as any type of house, modular home, mobile home, townhouse, or condominium that is intended to be lived in and is privately owned by one family (Sec. 1). 

• Specifies that this exemption shall only apply to the first $1 million of the fair market value of a single-family property (Sec. 1). 

• Specifies that the exemption provided by these provisions shall apply to the tax year beginning January 1, 2025 (Sec. 2). 

• Specifies that the provisions of this bill shall take effect immediately upon the completion of all acts necessary for a bill to become law in the state of Wyoming (Sec. 3). 

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a conference report that establishes property tax exemption for single family homes in Wyoming.

Highlights:

• Establishes a property tax exemption of 50% for single-family residential structures and the associated land in Wyoming (Sec. 1). 

• Defines a “single-family residential structure” as any type of house, modular home, mobile home, townhouse, or condominium that is intended to be lived in and is privately owned by one family (Sec. 1). 

• Specifies that this exemption shall only apply to the first $1 million of the fair market value of a single-family property (Sec. 1). 

• Specifies that the exemption provided by these provisions shall apply to the tax year beginning January 1, 2025 (Sec. 2). 

• Specifies that the provisions of this bill shall take effect immediately upon the completion of all acts necessary for a bill to become law in the state of Wyoming (Sec. 3). 

Full Bill Text

Vote Smart's Synopsis:

Vote to pass a bill that establishes a property tax exemption of 50% for single family homes in Wyoming.

Highlights:

• Establishes a property tax exemption of 50% for single-family residential structures and the associated land in Wyoming (Sec. 1). 

• Defines a “single-family residential structure” as any type of house, modular home, mobile home, townhouse, or condominium that is intended to be lived in and is privately owned by one family (Sec. 1). 

• Specifies that this exemption shall only apply to the first $1 million of the fair market value of a single-family property (Sec. 1). 

• Specifies that the exemption provided by these provisions shall apply to the tax year beginning January 1, 2025 (Sec. 2). 

• Specifies that the provisions of this bill shall take effect immediately upon the completion of all acts necessary for a bill to become law in the state of Wyoming (Sec. 3). 

Full Bill Text