HB0124 • 2026

Property tax exemption reduction.

AN ACT relating to taxation; amending a property tax exemption for single family residential structures based on the prior year assessed value; amending a property tax exemption for land associated with a single family residential structure based on the prior year assessed value; 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: 2026-02-10
Official status: inactive
Effective date: 3/1/2026

Plain English Breakdown

The bill summary does not provide specific details about the impact of reducing exemptions from 4% to 2%, only that it amends existing law.

Property Tax Exemption Reduction

The bill aims to reduce property tax exemptions for single family homes and the land they are on by changing how much of their value is exempt from taxes.

What This Bill Does

Changes the amount of a single family home's assessed value that can be exempt from property taxes.
Updates the law to reflect these changes in how exemptions are calculated.

Who It Names or Affects

Homeowners with single family residential structures
People who own improved land connected to a single family home

Terms To Know

Exemption: A reduction in the amount of property tax that must be paid.
Assessed Value: The value of a property as determined by local government for tax purposes.

Limits and Unknowns

The bill did not pass and was not signed into law.
It only affects single family residential structures, not other types of properties.
The specific reduction from 4% to 2% is supported in the official text but no details on how this impacts homeowners are provided.

Bill History

2026-02-10 House
H Failed Introduction 31-29-2-0-0
2026-02-09 House
H Received for Introduction
2026-02-09 LSO
Bill Number Assigned

Current Bill Text

Read the full stored bill text

26LSO-0418
2026
STATE OF WYOMING
26LSO-0418
Numbered
2.0

HOUSE BILL NO. HB0124

Property tax exemption reduction.

Sponsored by: Representative(s) Locke, Allemand, Bear, Brown, G, Pendergraft, Riggins and Styvar and Senator(s) Ide

A BILL

for

AN ACT relating to taxation; amending a property tax exemption for single family residential structures based on the prior year assessed value; amending a property tax exemption for land associated with a single family residential structure based on the prior year assessed value; and providing for an effective date.

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

Section 1
.

W.S. 39
‑
11
‑
105(a)(xliii)(A) and (xliv)(A) is amended to read:

39
‑
11
‑
105.

Exemptions.

(a)

The following property is exempt from property taxation:

(xliii)

A portion of a single family residential structure. The following shall apply to the exemption under this paragraph:

(A)

Subject to subparagraph (B) of this paragraph, the amount of the exemption under this paragraph shall be any assessed value of the single family residential structure that is in excess of the prior year assessed value less any exemption authorized under this paragraph in the prior year, plus
four percent (4%)
two percent (2%)
;

(xliv)

A portion of improved land associated with a single family residential structure. The following shall apply to the exemption under this paragraph:

(A)

Subject to subparagraph (B) of this paragraph, the amount of the exemption under this paragraph shall be any assessed value of improved land associated with a residential structure that is in excess of the prior year assessed value less any exemption authorized under this paragraph in the prior year, plus
four percent (4%)
two percent (2%)
;

Section 2
.

This act is effective July 1, 2026
.

(END)

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HB0124