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Wyoming2024Did Not Pass

SF0121

Homeowner's Property Tax Exemption Act

Last scannedAug 25, 2026, 2:25 AM

In one sentence

The bill establishes a property tax exemption for primary residences in Wyoming and sets penalties for false claims.

What it does

  • Creates an exemption from property taxes for up to $300,000 of the fair market value of a primary residence.
  • Requires homeowners to be residents of Wyoming for at least five years and live in their home for nine months before claiming the exemption.
  • Imposes penalties on those who make false claims about eligibility for the tax exemption.
  • Funds the reduction in property tax revenue from the legislative stabilization account.

Who it affects

  • Homeowners of primary residences in Wyoming
  • County assessors and treasurers responsible for processing and managing the exemptions

Limits and unknowns

  • The bill did not pass during its session.
  • It specifies that the act is effective January 1, 2025, but since it did not pass, this date does not apply.

Plain language

Terms to know

Primary residence
The main home where a person lives most of the time.
Fair market value
The price at which property would sell in an open and competitive real estate market.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 5, 6:08 AM

Voted Yes

Why they voted this way

The lawmaker supports the bill as a simple option to increase the property tax exemption threshold, noting it aligns with existing statutes and includes necessary backfill for schools.

Public statementFloor statement at 43:48 Watch the statement

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

Wyoming roll calls

Recorded votes

3 roll calls

Official activity

Bill history

  1. S COW:S Did not consider for COWSenate
  2. S Placed on General FileSenate
  3. S02 - Appropriations:Recommend Do Pass 5-0-0-0-0Senate
  4. :Rerefer to S02 - AppropriationsSenate
  5. S01 - Judiciary:Recommend Amend and Do Pass 4-0-1-0-0Senate
  6. S Introduced and Referred to S01 - Judiciary 29-2-0-0-0Senate
  7. S Received for IntroductionSenate
  8. Bill Number AssignedLSO

Changes

Amendments

1 stored

SF0121SS001

The amendment changes the deadline for claiming a homeowner's property tax exemption from the fourth Monday in May to February 1.