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Wyoming2024Enacted

HB0003

Property Tax Exemption for Long-Term Homeowners

Last scannedOct 8, 2026, 2:41 AM

In one sentence

This law creates a property tax exemption of up to 50% for long-term homeowners aged 65 or older who have lived in Wyoming for at least 25 years.

What it does

  • Creates a property tax exemption of up to 50% for long-term homeowners aged 65 or older and who have paid property taxes in Wyoming for at least 25 years.
  • Requires homeowners to apply each year by submitting proof that they meet the age and residency requirements.
  • Defines who can claim the exemption, including military personnel with Wyoming as their home state.
  • Sets penalties for making false claims about eligibility.

Who it affects

  • Homeowners aged 65 or older in Wyoming who have lived there for at least 25 years.
  • Counties that will see a reduction in property tax revenue due to the exemption.

Limits and unknowns

  • Does not provide details on how counties will be reimbursed for lost tax revenue.
  • The exemption only applies to residential real property used as a primary residence and does not cover commercial properties or land over 35 acres.

Plain language

Terms to know

Primary residence
The main home where someone lives most of the year, usually more than eight months.
Sunset date
A specific date when a law stops being in effect.

Official record

Sources

Source checked
Read the official summary

Bill Summary - 24LSO-0188 Bill No.: HB0003 Effective: 1/1/2025 LSO No.: 24LSO-0188 Enrolled Act No.: HEA No. 0044 Chapter No.: 106 Prime Sponsor: Joint Revenue Interim Committee Catch Title: Property tax exemption for long-term homeowners. Has Report: No Subject: Property tax exemption for long-term homeowners. Summary/Major Elements: This bill creates a property exemption for long-term homeowners who are sixty-five (65) years of age or older and who have paid property tax in Wyoming for twenty-five (25) years. The amount of the property tax exemption is fifty percent (50%) of the assessed value of the residential real property that is used as a primary residence. The bill provides for a process for an owner to claim the exemption and provides definitions of "owner", "primary residence" and "residential real property". Comments: The bill is effective January 1, 2025. The bill has a sunset date of July 1, 2027. The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent. While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Public statements

Why lawmakers voted

Last checked Aug 5, 6:51 AM

Tony Locke

R · H35

Voted Yes

Why they voted this way

The lawmaker opposes adding a means test to the bill, arguing that it should remain unchanged to provide relief to homeowners.

Public statementFloor statement at 1:31:05 Watch the statement
Voted Yes

Why they voted this way

The lawmaker urges support to allow the bill to reach committee for discussion and potential amendments, noting it provides an exemption similar to those in other states.

Public statementFloor statement at 53:39 Watch the statement

If a lawmaker is not listed, we couldn't find a published reason.

Wyoming roll calls

Recorded votes

6 roll calls

S 3rd Reading:Passed 21-0-0-0-102024-03-06 · Senate21 yes 0 no
S03 - Revenue:Recommend Amend and Do Pass 5-0-0-0-02024-03-01 · Senate5 yes 0 no
H 3rd Reading:Passed 59-3-0-0-02024-02-22 · House59 yes 3 no
H 3rd Reading:Pursuant to HR 7-7 Accelerated to 3rd Reading 45-17-0-0-02024-02-22 · House45 yes 17 no
H03 - Revenue:Recommend Amend and Do Pass 9-0-0-0-02024-02-20 · House9 yes 0 no
H Introduced and Referred to H03 - Revenue 59-2-1-0-02024-02-12 · House59 yes 2 no

Official activity

Bill history

  1. Assigned Chapter Number 106LSO
  2. Governor Signed HEA No. 0044 Governor
  3. S President Signed HEA No. 0044Senate
  4. H Speaker Signed HEA No. 0044House
  5. Assigned Number HEA No. 0044LSO
  6. S 3rd Reading:Passed 21-0-0-0-10Senate
  7. S 2nd Reading:PassedSenate
  8. S COW:PassedSenate
  9. S Placed on General FileSenate
  10. S03 - Revenue:Recommend Amend and Do Pass 5-0-0-0-0Senate
  11. S Introduced and Referred to S03 - RevenueSenate
  12. S Received for IntroductionSenate
  13. H 3rd Reading:Passed 59-3-0-0-0House
  14. H 3rd Reading:Pursuant to HR 7-7 Accelerated to 3rd Reading 45-17-0-0-0House
  15. H 2nd Reading:PassedHouse
  16. H 2nd Reading:Laid BackHouse
  17. H COW:PassedHouse
  18. H Placed on General FileHouse
  19. H03 - Revenue:Recommend Amend and Do Pass 9-0-0-0-0House
  20. H Introduced and Referred to H03 - Revenue 59-2-1-0-0House

Changes

Amendments

7 stored

HB0003H2001

The amendment changes how long-term homeowners can qualify for property tax exemptions by including those who own their primary residence through a corporation, partnership, or limited liability company.

HB0003H2002

The amendment adds a provision to reimburse counties for lost property tax revenue due to the exemption for long-term homeowners, with specific requirements for certain small counties.

HB0003H2003

The amendment adds a provision that the new tax exemption for long-term homeowners will end on July 1, 2027.

HB0003H2004

The amendment modifies a bill to add provisions for reimbursing counties for lost property tax revenue due to the exemption for long-term homeowners, including record-keeping requirements and state funding mechanisms.

HB0003H3001

The amendment changes the eligibility criteria for a property tax exemption by requiring homeowners to be at least 65 years old and have paid Wyoming residential property taxes for 25 years or more, with additional income restrictions.

HB0003HS001

The amendment changes the number of years required for homeownership from 30 to 25 years in certain sections and adds a new category of eligible individuals for tax exemptions.

HB0003SS001

The amendment changes the deadline for long-term homeowners to apply for a property tax exemption from the fourth Monday in May to March 1.