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HB0103

Property Tax Assessment Ratio for Owner-Occupied Homes

Last scannedAug 25, 2026, 2:25 AM

In one sentence

This bill sets a new property tax assessment ratio of 8.9% for owner-occupied primary residences and provides funding to cover the reduction in revenue.

What it does

  • Sets the property tax assessment ratio at 8.9% for residential properties that are owner-occupied primary homes.
  • Provides $87,100,000 from the general fund to reimburse public schools and local governments for any loss of revenue due to this change in tax rates.

Who it affects

  • Homeowners who live in their primary residence in Wyoming.
  • Public schools and local governments that receive property tax revenue.

Limits and unknowns

  • The bill will not take effect unless voters approve a constitutional amendment during the 2024 general election.
  • Funding for reimbursements is only available until June 30, 2028.

Plain language

Terms to know

Taxable value
The percentage of a home's fair market value used to calculate property taxes.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 8, 5:22 AM

Voted Yes

Why they voted this way

The lawmaker explains that the bill was drafted to implement a Constitutional Amendment passed in the previous session, which will take effect if approved and provide property tax discounts.

Public statementFloor statement at 1:23:43 Watch the statement

Mike Yin

D · H16

Voted Yes

Why they voted this way

The lawmaker states the bill shifts tax burden from uncaptured gains to sales based on public feedback, aiming to protect families by reducing property taxes while ensuring funding for municipalities and schools.

Public statementFloor statement at 1:27:45 Watch the statement

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

Wyoming roll calls

Recorded votes

4 roll calls

H 3rd Reading:Passed 55-7-0-0-02024-02-27 · House55 yes 7 no
H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-02024-02-22 · House7 yes 0 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 60-1-1-0-02024-02-13 · House60 yes 1 no

Official activity

Bill history

  1. S:Died in Committee Returned Bill Pursuant to SR 5-4Senate
  2. S No report prior to CoW CutoffSenate
  3. S Introduced and Referred to S03 - RevenueSenate
  4. S Received for IntroductionSenate
  5. H 3rd Reading:Passed 55-7-0-0-0House
  6. H 2nd Reading:PassedHouse
  7. H COW:PassedHouse
  8. H Placed on General FileHouse
  9. H02 - Appropriations:Recommend Amend and Do Pass 7-0-0-0-0House
  10. H COW:Rerefer to H02 - AppropriationsHouse
  11. H Placed on General FileHouse
  12. H03 - Revenue:Recommend Amend and Do Pass 9-0-0-0-0House
  13. H Introduced and Referred to H03 - Revenue 60-1-1-0-0House
  14. H Received for IntroductionHouse
  15. Bill Number AssignedLSO

Changes

Amendments

6 stored

HB0103H2001

The amendment changes the property tax assessment ratio for owner-occupied primary residences from eight and three-tenths percent to eight and nine-tenths percent.

HB0103H2002

The amendment adds a provision that the new property tax assessment ratio for owner-occupied primary residences will end on July 1, 2027.

HB0103H2003

The amendment changes the title of a bill about property tax assessment for residential homes and makes several edits to the text, including adding new terms like 'ratios' and 'owner occupied primary residence subclass'.

HB0103H2004

The amendment changes the dates related to property tax assessment ratios for residential properties.

HB0103HS001

The amendment modifies HB0103 to specify that the property tax assessment ratio applies only to owner-occupied primary residences and includes a new section for an appropriation of $87.1 million.

HB0103HS002

The amendment removes specific changes made by previous amendments related to property tax assessment ratios for residential properties.