Wyoming2007Inactive

HB0210

Wyoming House Bill 0210: Residential Property Tax Exemption

Last scannedOct 19, 2026, 2:19 AM

In one sentence

This bill provides a temporary property tax exemption for the first $5,000 of assessed value for improved residential property in 2008 and 2009, with state funds to reimburse local governments for lost revenue.

Exempts the first $5,000 of the assessed value of improved residential property from property taxes for the tax years beginning January 1, 2008, and January 1, 2009.
Limits the exemption so that the property's total taxable value does not drop below 8.25% of its fair market value.
Appropriates $52 million from the state general fund to reimburse local governments for tax losses caused by the exemption.
Requires county assessors to certify the exemptions to the Department of Revenue by September 1, 2008, and September 1, 2009.
Requires the State Treasurer to reimburse county treasurers for the taxes that would have been collected if the exemption had not been granted by October 1, 2008, and October 1, 2009.
Requires the Department of Revenue to report to the governor and legislative committees on reimbursement amounts and anticipated costs for the 2009 tax year by October 15, 2008.

The exemption only applies to tax years commencing January 1, 2008, and January 1, 2009.
The exemption is applicable in a fiscal year only if the legislature has appropriated monies necessary to reimburse local governments for tax losses during that year.
The bill is marked as inactive, meaning it is no longer moving in the current legislative session.

Plain language

Assessed value: The value of a property determined by a government assessor for tax purposes.
Fair market value: The price a property would likely sell for on the open market.
Appropriation: Money set aside by the legislature for a specific purpose.
Reimbursement: Payment made to cover a loss or expense.

Official record

Source checked

Public statements

Last checked Aug 8, 11:05 PM

Couldn't find a published reason.

Wyoming roll calls

1 roll call

H03 Recommended Do Not Pass 3-6-0-0-02007-02-27 · House3 yes 6 no

Official activity