HB0328 • 2025

Residential real property-taxable value-2.

AN ACT relating to taxation and revenue; providing for administration of the property tax; specifying property tax assessment rates for residential real property; making conforming changes; specifying applicability; and providing for an effective date.

Taxes

Did Not Pass

The latest official action shows that this bill did not move forward in that session.

Sponsor: Representative Locke
Last action: 2025-02-10
Official status: inactive
Effective date: 3/1/2025

Plain English Breakdown

The bill did not pass and no further action is expected.

Property Tax Changes for Homes

This act changes how property taxes are calculated for residential real property in Wyoming.

What This Bill Does

Sets a new tax rate of 8.3% for residential real property, including owner-occupied primary residences.
Defines 'owner occupied primary residence' as a home where the owner lives for at least six months each year.
Specifies that 'residential real property' includes homes designed to house up to four families and associated land up to 35 acres if owned by the homeowner.

Who It Names or Affects

Homeowners who live in their primary residence for at least six months a year.
People who own homes designed to house up to four families, including single-family homes and condominium units.

Terms To Know

Taxable value: A percentage of the fair market value used to calculate property taxes.
Owner occupied primary residence: A home where the owner lives for at least six months each year.

Limits and Unknowns

The bill did not pass and was not considered by a committee.
It would have taken effect on March 1, 2025, if it had passed.

Amendments

These notes stay tied to the official amendment files and metadata from the legislature.

HB0328HS001

Standing Committee • House Revenue Committee

Filed

Plain English: The amendment changes the language in HB0328 to adjust certain property tax assessment rates for residential real property.

Changes 'four (4)' to 'three (3)' on page 3, line 1 of the bill.
Removes 'up to thirty-five (35) acres' from page 3, line 2 of the bill.
Modifies language after 'home' and before 'unit' by inserting 'or' and removing ', a'.
Deletes 'mobile home or a trailer' on page 3, line 6 of the bill.

The exact impact of these changes on property tax assessment rates is not fully explained in the amendment text provided.

Bill History

2025-02-10 House
H COW:H Did not consider for COW
2025-02-06 House
H Placed on General File
2025-02-06 House
H03 - Revenue:Recommend Amend and Do Pass 7-1-1-0-0
2025-02-03 House
H Introduced and Referred to H03 - Revenue
2025-01-30 House
H Received for Introduction
2025-01-29 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

25LSO-0786
2025
STATE OF WYOMING
25LSO-0786
Numbered
2.0

HOUSE BILL NO. HB0328

Residential real property-taxable value-2.

Sponsored by: Representative(s) Locke, Guggenmos and Lucas

A BILL

for

AN ACT relating to taxation and revenue; providing for administration of the property tax; specifying property tax assessment rates for residential real property; making conforming changes; specifying applicability; 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) by creating a new subparagraph (C), by renumbering (C) as (D) and by creating new paragraphs (xix) and (xx) and 39
‑
13
‑
103(b)(iii)(intro), by creating a new subparagraph (C) and by renumbering (C) as (D) 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:

(C)

Residential real property, including owner occupied primary residences, eight and three
‑
tenths percent (8.3%);

(C)
(D)

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%).

(xix)

"Owner occupied primary residence" means residential real property where the owner of the property resides for not less than six (6) months of the applicable tax year;

(xx)

"Residential real property" means real property improved by a dwelling designed to house not more than four (4) families and includes associated residential land up to thirty
‑
five (35) acres where the dwelling is located if the land is owned by the owner of the dwelling. The dwelling may be any type of residence including a single family home, an individual condominium unit, a mobile home or a trailer if the dwelling is used as a primary residence.

39
‑
13
‑
103.

Imposition.

(b)

Basis of tax.

The following shall apply:

(iii)

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

(C)

Residential real property, including owner occupied primary residences, eight and three
‑
tenths percent (8.3%);

(C)
(D)

All other property, real and personal, nine and one
‑
half percent (9.5%).

Section 2
.

This act shall first apply to the tax year beginning January 1, 2025.

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)

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HB0328