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SF0153 • 2025

Residential real property-taxable value.

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.

Budget Taxes
Did Not Pass

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

Sponsor
Senator Barlow
Last action
2025-03-06
Official status
inactive
Effective date
3/1/2025

Plain English Breakdown

The bill did not pass and was postponed indefinitely, so its provisions are not in effect.

Property Tax Changes for Homes

This act proposes changes to property tax rates for residential real property in Wyoming but did not pass.

What This Bill Does

  • Proposes setting the taxable value of residential real property at nine and one-half percent (9.5%) of its fair market value.
  • For owner-occupied primary residences, proposes a lower tax rate of eight and three-tenths percent (8.3%).
  • Defines an 'owner occupied primary residence' as where the owner lives for at least six months in a year.

Who It Names or Affects

  • Homeowners who own their primary residence.
  • Local governments that collect property taxes.

Terms To Know

Taxable value
The amount of a home's fair market value used to calculate property tax, set as a percentage.
Owner occupied primary residence
A residential property where the owner lives for at least six months in a year.

Limits and Unknowns

  • The bill did not pass and was postponed indefinitely on March 6, 2025.
  • It is unclear how many homeowners would be affected by this change if it had passed.

Amendments

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

SF0153H2001

2nd reading • Representative Chestek

Adopted

Plain English: The amendment to SF0153 adds the word 'beneficial' before the term 'owner' in a specific line of the bill.

  • Inserts the word 'beneficial' before the word 'owner' on page 2, line 20.
  • The amendment text does not provide enough context to explain fully what this change means or how it will affect the bill's overall purpose.
SF0153H2002

2nd reading • Representative Yin

Failed

Plain English: The amendment removes references to property ownership and residency, changing how residential real property is described for tax purposes.

  • Removes the phrase 'the owner of' from the bill text.
  • Changes 'resides' to 'is occupied'.
  • Eliminates a previous amendment related to this line.
  • The exact impact on property tax assessment rates is not clear without additional context.
SF0153H2003

2nd reading • Representative Lien

Adopted

Plain English: The amendment changes the property tax assessment rate for residential real property from nine and one-half percent to eight and three-tenths percent.

  • Changes the property tax assessment rate for residential real property from 9.5% to 8.3%.
SF0153H2004

2nd reading • Representative Yin

Withdrawn

Plain English: The amendment changes the property tax assessment rate for residential real property from nine and one-half percent to nine and eight-tenths percent.

  • Changes the property tax assessment rate for residential real property from 9.5% to 9.8%.
  • The amendment only specifies changing percentages but does not provide details on how this change will affect taxpayers or the broader implications of the new rate.
SF0153H3001

3rd reading • Representative Larson, JT

Corrected, Withdrawn

Plain English: The amendment adds a new section requiring the Department of Revenue to establish a grant program funded by $72 million from the legislative stabilization reserve account for counties with reduced residential property tax assessments.

  • Appropriates $72 million from the legislative stabilization reserve account to the Department of Revenue for grants to qualifying counties.
  • Establishes rules for distributing funds, limiting distribution to counties that have imposed maximum mill levies and are among those with the lowest total assessed valuations.
  • Sets a cap on grant amounts at 75% of demonstrated reductions in residential property tax assessments from legislation enacted during the 2025 general session.
  • The amendment does not specify how funds will be allocated if they are insufficient to cover all eligible grants.
  • Details about the exact process and criteria for grant applications and distribution are left to future rulemaking by the Department of Revenue.
SF0153H3002

3rd reading • Representative Yin

Corrected, Withdrawn

Plain English: The amendment adds an appropriation of $10.5 million from the general fund to the Department of Revenue for a property tax refund program.

  • Adds an appropriation of $10.5 million from the general fund to the Department of Revenue for the property tax refund program under Wyoming Statute 39-13-109(c)(v).
  • Specifies that this funding is available from the effective date of the act until June 30, 2026.
  • Includes a provision reducing the appropriation by $1 for every dollar appropriated to the Department of Revenue under certain other bills if those bills are enacted.
  • The exact impact and details of the property tax refund program are not fully explained in this amendment text.
SF0153H3003

3rd reading • Representative Larson, JT

Failed

Plain English: The amendment adds a new section requiring rulemaking and an appropriation for property tax relief in qualifying counties.

  • Adds $36 million from the legislative stabilization reserve account to be used by the Department of Revenue for payments to qualifying counties.
  • Establishes rules for distributing funds, with specific criteria for eligibility based on assessed valuations and mill levies.
  • Limits grants to counties, cities, towns, and special districts that meet certain conditions related to property tax assessments from 2025 and 2026.
  • The amendment text does not specify how the remaining funds will be used if they are not fully distributed by June 30, 2027.
  • Details on the exact process of distributing grants to qualifying entities are technical and not fully explained in plain English.
SF0153H3004

3rd reading • Representative Larson, JT

Failed

Plain English: The amendment adds a provision for appropriating $72 million from the legislative stabilization reserve account to compensate counties for reductions in tax revenues due to changes in property tax assessment rates.

  • Adds an appropriation of $72 million from the legislative stabilization reserve account to the Department of Revenue for payments to qualifying counties.
  • Specifies that the department must distribute funds to each government entity, up to fifty percent of the reduction in tax revenues caused by changes in property tax assessment rates.
  • Sets conditions under which only certain counties and special districts qualify for disbursements if they impose the maximum statutory mill levy.
  • The amendment text does not specify how the remaining fifty percent of revenue reductions will be addressed, leaving this detail unclear.
SF0153H3005

3rd reading • Representative Yin

Failed

Plain English: The amendment adds a new condition to the existing text that would change how residential real property is taxed if certain other bills become law.

  • Adds a new clause (III) under subdivision (C)(I) and (II), making them subject to this new clause.
  • Inserts a provision stating that if either Senate File 69 or House Bill 169 passes, residential real property will be taxed at 9.5%.
  • The exact impact of the amendment depends on whether Senate File 69 or House Bill 169 is enacted into law.
  • Details about what these other bills contain are not provided in this text, so their full effect cannot be explained here.
SF0153HW001

Committee of the Whole • Representative Harshman

Failed

Plain English: The amendment changes the property tax assessment rates for residential real property, offering a lower rate for owner-occupied primary residences.

  • Changes the property tax rate for most residential properties to 9.5%.
  • Sets a special property tax rate of 8.3% for owner-occupied primary residences.
  • Limits the reduced tax rate for owner-occupied homes to those with a fair market value not exceeding $5 million.
  • The amendment text does not specify how this change will be implemented or enforced, which may require additional details from the bill's context.
SF0153HW002

Committee of the Whole • Representative Williams

Adopted

Plain English: The amendment changes the property tax rates for residential real estate in a specific way.

  • For the year 2025, all residential properties will be taxed at 9.5%. For years after 2026, regular residential properties will still be taxed at 9.5%, but owner-occupied primary residences will have a lower tax rate of 8.3%.
  • The amendment only specifies changes for certain years and does not provide details about how these rates affect property owners beyond the specified percentages.
SF0153HS001

Standing Committee • House Revenue Committee

Adopted

Plain English: The amendment changes the property tax assessment rate for residential real property from 9.5% to 8.3%, and adds an exemption for active duty armed forces members deployed outside the state.

  • Changes the property tax assessment rate for residential real property from 9.5% to 8.3%
  • Adds an exception that exempts active duty armed forces members who are deployed outside the state from a certain provision
SF0153SS001

Standing Committee • Senate Revenue Committee

Adopted

Plain English: The amendment changes the wording of the bill to adjust certain property tax assessment rates for residential real property.

  • Changes 'four (4)' to 'three (3)' in the text.
  • Removes 'up to thirty-five (35) acres' from the text.
  • Adds 'or' after 'home' and removes ', a' after 'unit'.
  • Deletes 'mobile home or a trailer' from the text.
  • The amendment's exact impact on property tax assessment rates is not fully explained in the provided text.

Bill History

  1. 2025-03-06 Senate

    S postponed indefinitely

  2. 2025-03-05 House

    H Appointed JCC01 Members

  3. 2025-03-05 Senate

    S Appointed JCC01 Members

  4. 2025-03-05 Senate

    S Concur:Failed 7-24-0-0-0

  5. 2025-03-04 Senate

    S Received for Concurrence

  6. 2025-03-04 House

    H 3rd Reading:Passed 51-9-2-0-0

  7. 2025-03-03 House

    H 3rd Reading:Laid Back

  8. 2025-02-28 House

    H 3rd Reading:Laid Back

  9. 2025-02-27 House

    H 3rd Reading:Laid Back

  10. 2025-02-26 House

    H 2nd Reading:Passed

  11. 2025-02-25 House

    H COW:Passed

  12. 2025-02-18 House

    H Placed on General File

  13. 2025-02-18 House

    H03 - Revenue:Recommend Amend and Do Pass 8-0-1-0-0

  14. 2025-02-12 House

    H Introduced and Referred to H03 - Revenue

  15. 2025-02-06 House

    H Received for Introduction

  16. 2025-02-06 Senate

    S 3rd Reading:Passed 29-1-1-0-0

  17. 2025-02-05 Senate

    S 2nd Reading:Passed

  18. 2025-02-04 Senate

    S COW:Passed

  19. 2025-01-29 Senate

    S Placed on General File

  20. 2025-01-29 Senate

    S03 - Revenue:Recommend Amend and Do Pass 5-0-0-0-0

  21. 2025-01-23 Senate

    S Introduced and Referred to S03 - Revenue

  22. 2025-01-22 Senate

    S Received for Introduction

  23. 2025-01-22 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
25LSO-0715
2025
STATE OF WYOMING
25LSO-0715
ENGROSSED
3.0

SENATE FILE NO. SF0153

Residential real property-taxable value.

Sponsored by: Senator(s) Barlow, Biteman, Crago, Driskill, McKeown and Nethercott and Representative(s) Campbell, E, Clouston, Harshman, Larsen, L and Larson, JT

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, nine and one
‑
half percent (9.5%);

(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 three (3) families and includes associated residential land 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 or an individual condominium unit 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, nine and one
‑
half percent (9.5%);

(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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SF0153