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SF0104 • 2023

Property tax-mill levy adjustment.

AN ACT relating to property taxes; specifying requirements on how specified mill levy rates are determined; limiting certain mill levy rates; and providing for an effective date.

Education Taxes
Inactive

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

Sponsor
Senator Steinmetz
Last action
2023-02-07
Official status
inactive
Effective date
3/1/2023

Plain English Breakdown

The bill is inactive and did not pass.

Property Tax-Mill Levy Adjustment

The bill sets limits on the property tax rates that school districts and counties can charge in Wyoming.

What This Bill Does

  • Sets a limit of 25 mills for unified and nonunified school districts, with adjustments based on inflation to prevent revenue increases beyond the previous year's adjusted amount.
  • Caps county taxes at 12 mills, with similar inflation-based adjustments to avoid exceeding revenues from the previous year.
  • Restricts city and town taxes to a maximum of 8 mills, also adjusting for inflation to ensure revenues do not exceed those from the prior year.

Who It Names or Affects

  • School districts in Wyoming
  • Counties in Wyoming
  • Cities and towns in Wyoming

Terms To Know

Mill levy
A unit of property tax, where one mill equals $1 for every $1,000 of assessed value.
Inflation adjustment
Adjusting the amount of money based on changes in prices over time to maintain purchasing power.

Limits and Unknowns

  • The bill did not pass and is now inactive.
  • It does not specify how adjustments for inflation will be calculated or applied in practice.

Bill History

  1. 2023-02-07 Senate

    S:Died in Committee Returned Bill Pursuant to SR 5-4

  2. 2023-02-06 Senate

    S No report prior to CoW Cutoff

  3. 2023-01-13 Senate

    S Introduced and Referred to S03 - Revenue

  4. 2023-01-12 Senate

    S Received for Introduction

  5. 2023-01-12 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
23LSO-0147
2023
STATE OF WYOMING
23LSO-0147
Numbered
2.0

SENATE FILE NO. SF0104

Property tax-mill levy adjustment.

Sponsored by: Senator(s) Steinmetz, Biteman, Boner, Brennan, Driskill, Gierau, Kinskey, McKeown and Salazar and Representative(s) Bear, Davis, Haroldson, Heiner, Hornok, Jennings, Ward and Winter

A BILL

for

AN ACT relating to property taxes; specifying requirements on how specified mill levy rates are determined; limiting certain mill levy rates; and providing for an effective date.

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

Section 1.

W.S. 21
‑
13
‑
102(a)(i)(A) and (ii)(A) and 39
‑
13
‑
104(b)(i)(intro) and (c)(i)(intro) are amended to read:

21
‑
13
‑
102.

Maximum rate of school district tax; recapture of excess; equalization of permissive levies.

(a)

Except as otherwise provided by law, the maximum rate of school district tax that may be levied for all school purposes, exclusive of bond interest and redemption, for any school district in any school year on each dollar of assessed valuation within the school district is as follows:

(i)

In a unified school district:

(A)

Twenty
‑
five (25) mills shall be levied for combined elementary, junior high and high school purposes
, provided that if the department of education determines that the assessment of twenty
‑
five (25) mills will result in statewide revenues that exceed the revenue collected under this subsection from the immediately preceding year as adjusted for inflation using the consumer price index or its successor index of the United States department of labor, bureau of labor statistics, the number of mills for each school district shall be reduced so that the revenue collected will, to the extent possible, equal the statewide revenues from the immediately preceding year as adjusted for inflation under this subparagraph
.

(ii)

In any nonunified school district consisting of kindergarten through grade eight (8):

(A)

Twenty
‑
five (25) mills shall be levied for school purposes
, provided that if the department of education determines that the assessment of twenty
‑
five (25) mills will result in statewide revenues that exceed the revenue collected under this subsection from the immediately preceding year as adjusted for inflation using the consumer price index or its successor index of the United States department of labor, bureau of labor statistics, the number of mills for each school district shall be reduced so that the revenue collected will, to the extent possible, equal the statewide revenues from the immediately preceding year as adjusted for inflation under this subparagraph
.

39
‑
13
‑
104.

Taxation rate.

(b)

There shall be annually levied and assessed upon the taxable value of property within each Wyoming county the following county taxes when applicable:

(i)

Not to exceed twelve (12) mills as determined by the board of county commissioners
,

which
provided that if the number of mills determined by the board of county commissioners will result in revenues that exceed the revenue collected under this subsection from the immediately preceding year as adjusted for inflation using the consumer price index or its successor index of the United States department of labor, bureau of labor statistics, the number of mills shall be reduced so that the revenue collected will, to the extent possible, equal the revenues from the immediately preceding year as adjusted for inflation under this paragraph. The mills determined under this paragraph
shall include mill levies, if any, for the following purposes:

(c)

There shall be annually levied and assessed upon the taxable value of property within the limits of incorporated cities and towns the following city and town taxes when applicable:

(i)

Not to exceed eight (8) mills
,

which
provided that if the number of mills to be assessed will result in revenues that exceed the revenue collected under this subsection from the immediately preceding year as adjusted for inflation using the consumer price index or its successor index of the United States department of labor, bureau of labor statistics, the number of mills shall be reduced so that the revenue collected will, to the extent possible, equal the revenues from the immediately preceding year as adjusted for inflation under this paragraph. The mills determined under this paragraph
shall include mill levies, if any, for the following purposes:

Section 2
.

This act is effective January 1, 2024
.

(END)

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SF0104