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HB0211 • 2021

Property taxes.

AN ACT relating to ad valorem taxation; incrementally increasing the assessment percentage for the industrial property class and the all other property class as specified; and providing for an effective date.

Taxes
Inactive

Wyoming marks this bill as inactive, which usually means it is no longer moving in the current session.

Sponsor
Representative Henderson
Last action
2021-04-07
Official status
inactive
Effective date
3/1/2021

Plain English Breakdown

The bill is officially marked as inactive, which means it did not progress further.

Increasing Property Tax Assessment Percentages

The bill proposes to gradually increase the assessment percentages for industrial and other property classes starting in 2022.

What This Bill Does

  • Changes the percentage of fair market value used to calculate taxable value for industrial properties, starting at 11.75% in 2022 and increasing each year until it reaches 12.5% by 2025.
  • Increases the assessment percentage for all other property types (real and personal), beginning at 9.75% in 2022, rising to 10.5% by 2025.

Who It Names or Affects

  • Property owners of industrial properties who will see their assessment percentages increase over time.
  • Owners of all other property types (real and personal) whose assessment percentages will also rise gradually.

Terms To Know

Taxable value
The portion of a property's fair market value that is used to calculate property taxes.
Ad valorem taxation
A type of tax where the amount owed is based on the assessed value or worth of an item, such as real estate.

Limits and Unknowns

  • The bill was marked as inactive by Wyoming and did not move forward in the current session.
  • It does not specify how these changes will affect property taxes beyond setting new assessment percentages.

Bill History

  1. 2021-04-07 House

    H:Died in Committee Returned Bill Pursuant to HR 5-4

  2. 2021-03-23 House

    H No report prior to CoW Cutoff

  3. 2021-03-08 House

    H Introduced and Referred to H03 - Revenue

  4. 2021-03-04 House

    H Received for Introduction

  5. 2021-03-02 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
21LSO-0633
2021
STATE OF WYOMING
21LSO-0633
Numbered
2.0

HOUSE BILL NO. HB0211

Property taxes.

Sponsored by: Representative(s) Henderson, Clifford, Connolly, Sweeney and Zwonitzer and Senator(s) Pappas

A BILL

for

AN ACT relating to ad valorem taxation; incrementally increasing the assessment percentage for the industrial property class and the all other property class as specified; and providing for an effective date.

Be It Enacted by the Legislature of the State of Wyoming:

Section 1
.

W.S. 39
‑
11
‑
101(a)(xvii)(B) and (C) and 39
‑
13
‑
103(b)(iii)(B) and (C) are amended to read:

39
‑
11
‑
101.

Definitions.

(a)

As used in this act unless otherwise specifically provided:

(xvii)

"Taxable value" means a percent of the fair market value of property in a particular class as follows:

(B)

Property used for industrial purposes,
eleven and one
‑
half percent (11.5%)
eleven and three
‑
quarters percent (11.75%) starting January 1, 2022, twelve percent (12%) starting January 1, 2023, twelve and one
‑
quarter percent (12.25%) starting January 1, 2024 and twelve and one
‑
half percent (12.5%) starting January 1, 2025 and thereafter
;

(C)

All other property, real and personal, including property valued and assessed under W.S. 39
‑
13
‑
102(m)(vi) and (ix),
nine and one
‑
half percent (9.5%)
nine and three
‑
quarters percent (9.75%) starting January 1, 2022, ten percent (10%) starting January 1, 2023, ten and one
‑
quarter percent (10.25%) starting January 1, 2024 and ten and one
‑
half percent (10.5%) starting January 1, 2025 and thereafter
.

39
‑
13
‑
103.

Imposition.

(b)

Basis of tax.

The following shall apply:

(iii)

Beginning January 1, 1989, "taxable value" means a percent of the fair market value of property in a particular class as follows:

(B)

Property used for industrial purposes,
eleven and one
‑
half percent (11.5%)
eleven and three
‑
quarters percent (11.75%) starting January 1, 2022, twelve percent (12%) starting January 1, 2023, twelve and one
‑
quarter percent (12.25%) starting January 1, 2024 and twelve and one
‑
half percent (12.5%) starting January 1, 2025 and thereafter
;

(C)

All other property, real and personal,
nine and one
‑
half percent (9.5%)
nine and three
‑
quarters percent (9.75%) starting January 1, 2022, ten percent (10%) starting January 1, 2023, ten and one
‑
quarter percent (10.25%) starting January 1, 2024 and ten and one
‑
half percent (10.5%) starting January 1, 2025 and thereafter
.

Section 2
.

This act is effective January 1, 2022
.

(END)

1
HB0211