Property tax exemptions-order of application.

Plain English Breakdown

Checked against official source text during the last sync.

Property Tax Exemptions Order

This law sets rules for applying multiple property tax exemptions to a single piece of property and provides funding for the Department of Revenue's property tax refund program.

What This Bill Does

• Sets rules on how to apply different property tax exemptions when more than one applies to the same property.
• Specifies that exemptions based on percentages are applied from smallest to largest percentage first, followed by other types of exemptions.
• Provides $10.5 million for the Department of Revenue's property tax refund program until June 30, 2026.

Who It Names or Affects

• Property owners who qualify for multiple tax exemptions
• The Department of Revenue

Terms To Know

Exemption

A reduction or exclusion from paying a full property tax amount.

Department of Revenue

An agency that manages financial matters for the state, including taxes and refunds.

Limits and Unknowns

• The law does not specify how exemptions are applied if they do not fit into the outlined categories.
• It is unclear what happens to unspent funds after June 30, 2026.

Official Summary Text

Bill Summary - 25LSO-0709

Bill No.:

HB0279

Effective:

Immediately

LSO No.:

25LSO-0709

Enrolled Act No.:

HEA No. 0064

Chapter No.:

147

Prime Sponsor:

Nicholas

Catch Title:

Property tax exemptions-order of application.

Has Report:

No

Subject:

Property tax exemptions-order of application.

Summary/Major Elements:

This bill specifies that if more than one (1) property tax exemption applies to the same property, the exemptions shall be applied in the manner determined by the Department of Revenue and as follows:

If the exemptions are to a portion of the assessed value of the property, the exemptions shall be applied in sequence so that subsequent exemptions are applied to the assessed value as it is modified by the application of the preceding exemption;
Exemptions based on a percentage of property value shall be applied in the order of the smallest percentage to the largest percentage;
Exemptions that are not based on a percentage of property value shall be applied after any exemptions that are based on a percentage of property value.

The bill also appropriates funds to the Department of Revenue for purposes of the property tax refund program.

The above summary is not an official publication of the Wyoming Legislature and is not an official statement of legislative intent.

While the Legislative Service Office endeavored to provide accurate information in this summary, it should not be relied upon as a comprehensive abstract of the bill.

Current Bill Text

25LSO-0709

ORIGINAL House

ENGROSSED
Bill No
.
HB0279

ENROLLED ACT NO. 64,

HOUSE OF REPRESENTATIVES

SIXTY-EIGHTH LEGISLATURE OF THE STATE OF WYOMING
2025 General Session

AN ACT relating to property taxation; specifying that if multiple property tax exemptions apply to the same property the exemptions shall be applied in the manner determined by the department of revenue; specifying requirements for the order of application of exemptions; providing an appropriation; and providing for an effective date.

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

Section 1.

W.S. 39
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11
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105 by creating a new subsection (c) is amended to read:

39
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11
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105.

Exemptions.

(c)

For any property where more than one (1) exemption applies under subsection (a) of this section, the exemptions shall be applied in a manner determined by the department of revenue in accordance with the following:

(i)

If the exemption is to a portion of the assessed value of the property, the exemptions shall be applied in sequence so that subsequent exemptions are applied to the assessed value as it is modified by the application of the preceding exemption;

(ii)

Exemptions based on a percentage of property value shall be applied in the order of the smallest percentage to the largest percentage;

(iii)

Exemptions not based on a percentage of property value shall be applied after any exemptions that are based on a percentage of property value.

Section 2.

(a)

Subject to subsection (b) of this section, there is appropriated ten million five hundred thousand dollars ($10,500,000.00) from the general fund to the department of revenue for purposes of the property tax refund program under W.S. 39-13-109(c)(v). This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2026. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on June 30, 2026.

(b)

If 2025 Senate File 0001 or 2025 House Bill 0001 is enacted into law, the appropriation in subsection (a) of this section shall be reduced by one dollar ($1.00) for every one dollar ($1.00) appropriated to the department of revenue for the property tax refund program under W.S. 39
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13
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109(c)(v) in 2025 Senate File 0001 or 2025 House Bill 0001.

Section 3
.

This act is effective immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution.

(END)

Speaker of the House

President of the Senate

Governor

TIME APPROVED: _________

DATE APPROVED: _________

I hereby certify that this act originated in the House.

Chief Clerk

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