Wyoming2024Inactive
HB0018
Property Tax-Inflation Cap
Last scannedOct 14, 2026, 2:19 AM
In one sentence
This bill limits how much residential property taxes can increase each year based on inflation or five percent, whichever is lower.
What it does
- Limits the yearly increase in taxable value for residential properties to either the rate of inflation or five percent, whichever is less.
- Exempts increases due to significant changes, additions, reductions, or improvements made to the property in the previous year from this limit.
- Removes outdated language from existing laws.
Who it affects
- Homeowners and residents who own residential properties.
Limits and unknowns
- The bill will only take effect if voters approve a constitutional amendment during the 024 election.
- If the amendment is approved, the bill's provisions will start on January 1, 2025.
Plain language
Terms to know
- Taxable value
- The amount of a property's fair market value that is used to calculate property taxes, set at nine and one-half percent for residential property.
- Inflation
- A general increase in prices and fall in the purchasing value of money over time.
Official record
Sources
Public statements
Why lawmakers voted
Last checked Aug 5, 6:51 AM
Couldn't find a published reason.
Wyoming roll calls
Recorded votes
1 roll call
H Introduced and Referred to H03 - Revenue 56-4-2-0-02024-02-12 · House56 yes 4 no
- Yes
- 56
- No
- 4
- Absent
- 0
- Excused
- 2
- Conflict
- 0
Yes 56
Albert P Sommers Jr.H20Allen SlagleH02Andrew ByronR · H22Art WashutR · H36Barry CragoR · H40Ben HornokH42Bill AllemandR · H58Bob DavisR · H47Bob NicholasR · H07Chip NeimanR · H01Christopher KnappR · H53Clarence StyvarR · H12Clark D StithH48Cody WylieR · H39Cyrus WesternH51Dalton BanksR · H26Daniel SinghR · H61Dan ZwonitzerH43Dave L ZwonitzerH08David E NorthrupH25Donald E Burkhart JrH15Ember OakleyH55Forrest ChadwickH62Jared OlsenR · H11Jeanette WardH57Jeremy HaroldsonR · H04Jerry A ObermuellerH56John BearR · H31John C EklundH10John WinterR · H28Jon ConradH19Ken ChestekD · H13Ken CloustonR · H32Ken PendergraftR · H29Kevin O'HearnH59Landon BrownR · H09Lane AllredH21Lloyd LarsenR · H54Martha LawleyR · H27Ocean AndrewR · H46Pepper OttmanR · H34Rachel Rodriguez-WilliamsR · H50Reuben TarverR · H52Ryan BergerH49Sandy NewsomeH24Sarah PennH33Scott HeinerR · H18Scott SmithR · H05Steve HarshmanR · H37Tamara TrujilloH44Thomas J WaltersH38Tomi StrockR · H06Tony LockeR · H35Tony NiemiecH60Trey SherwoodD · H14William D HendersonH41
Official activity
Bill history
- H:Died in Committee Returned Bill Pursuant to HR 5-4House
- H No report prior to CoW CutoffHouse
- H Introduced and Referred to H03 - Revenue 56-4-2-0-0House
- H Received for IntroductionHouse
- Bill Number AssignedLSO