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Wyoming2026Did Not Pass

HB0124

Property Tax Exemption Reduction

Last scannedAug 25, 2026, 2:25 AM

In one sentence

The bill aims to reduce property tax exemptions for single family homes and the land they are on by changing how much of their value is exempt from taxes.

What it does

  • Changes the amount of a single family home's assessed value that can be exempt from property taxes.
  • Updates the law to reflect these changes in how exemptions are calculated.

Who it affects

  • Homeowners with single family residential structures
  • People who own improved land connected to a single family home

Limits and unknowns

  • The bill did not pass and was not signed into law.
  • It only affects single family residential structures, not other types of properties.
  • The specific reduction from 4% to 2% is supported in the official text but no details on how this impacts homeowners are provided.

Plain language

Terms to know

Exemption
A reduction in the amount of property tax that must be paid.
Assessed Value
The value of a property as determined by local government for tax purposes.

Official record

Sources

Validated

Public statements

Why lawmakers voted

Last checked Aug 5, 1:27 AM

Tony Locke

R · H35

Voted Yes

Why they voted this way

The lawmaker argues for reducing the property tax exemption cap to ensure homeowners feel they truly own their homes rather than constantly renting from the county.

Public statementFloor statement at 2:09:56 Watch the statement

Mike Yin

D · H16

Voted No

Why they voted this way

The lawmaker opposes the bill because lowering the cap would disadvantage younger homeowners trying to buy property while giving an advantage to long-term residents.

Public statementFloor statement at 2:10:59 Watch the statement
Voted No

Why they voted this way

The lawmaker opposes changing the current cap because pushing it too far could invite a lawsuit, resulting in no protection for property tax increases.

Public statementFloor statement at 2:12:19 Watch the statement

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

Wyoming roll calls

Recorded votes

1 roll call

Official activity

Bill history

  1. H Failed Introduction 31-29-2-0-0House
  2. H Received for IntroductionHouse
  3. Bill Number AssignedLSO