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HJ0004 • 2026

Residential property tax value-constitutional amendment.

A JOINT RESOLUTION amending the constitution to authorize the legislature to provide for valuation of residential property for purposes of taxation and to make conforming changes to related constitutional provisions.

Did Not Pass

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

Sponsor
Revenue
Last action
2026-02-09
Official status
inactive
Effective date
3/1/2026

Plain English Breakdown

Checked against official source text during the last sync.

Amending Constitution for Residential Property Tax Valuation

This resolution proposes changing Wyoming's constitution to allow the state legislature to set rules for how residential property is valued for tax purposes.

What This Bill Does

  • Proposes an amendment to Article 15 of the Wyoming Constitution, allowing the legislature to determine a valuation method for residential real estate taxes.
  • Changes Section 1 of Article 15 to permit residential properties to be valued using methods set by the legislature instead of requiring separate assessment.
  • Modifies Section 10 to exclude residential property from state board equalization duties if the legislature sets specific valuation rules.
  • Updates Section 11(a) and (b) to include provisions for uniform valuation, except for residential real estate as determined by legislative law.

Who It Names or Affects

  • Residents who own homes or other residential properties in Wyoming
  • The state legislature of Wyoming

Terms To Know

Constitutional amendment
A change to a country's constitution that requires special procedures for approval.
Legislature
The group of people who make laws in a state or country.

Limits and Unknowns

  • This resolution did not pass and was introduced but failed to move forward.
  • It is unclear how the proposed changes would affect specific residential property tax values.

Bill History

  1. 2026-02-09 House

    H Failed Introduction 38-24-0-0-0

  2. 2026-01-22 House

    H Received for Introduction

  3. 2026-01-15 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
26LSO-0102
2026
STATE OF WYOMING
26LSO-0102
Numbered
2.0

House Joint Resolution NO. HJ0004

Residential property tax value-constitutional amendment.

Sponsored by: Joint Revenue Interim Committee

A JOINT RESOLUTION

for

A JOINT RESOLUTION amending the constitution to authorize the legislature to provide for valuation of residential property for purposes of taxation and to make conforming changes to related constitutional provisions.

BE IT RESOLVED BY THE LEGISLATURE OF THE STATE OF WYOMING,
two-thirds of all the members of the two houses, voting separately, concurring therein:

Section 1.

The following proposal to amend the Wyoming Constitution, Article 15, Sections 1, 10 and 11(a), (b) and by creating a new subsection (e) is proposed for submission to the electors of the State of Wyoming at the next general election for approval or rejection to become valid as a part of the Constitution if ratified by a majority of the electors at the election:

Article 15, Section 1.

Assessment of lands and improvements thereon.

All lands and improvements thereon shall be listed for assessment, valued for taxation and assessed separately
, provided that residential real property that is valued using a valuation method determined by the legislature may not be required to be valued and assessed separately as determined by the legislature
.

Article 15, Section 10.

Duties of state board of equalization.

The duties of the state board shall be to equalize the valuation on all property in the several counties
, except for residential real property that is valued using a valuation method determined by the legislature as prescribed by law,
and such other duties as may be prescribed by law.

Article 15, Section 11.

Uniformity of assessment required.

(a)

All property, except as in this constitution otherwise provided, shall be uniformly valued at its full value as defined by the legislature
and as provided in subsections (b) and (e) of this section
, in four (4) classes as follows:

(b)

The legislature shall prescribe the percentage of value which shall be assessed within each designated class. All taxable property shall be valued at its full value as defined by the legislature except
residential real property as provided in subsection (e) of this section and
agricultural and grazing lands which shall be valued according to the capability of the land to produce agricultural products under normal conditions. The percentage of value prescribed for industrial property shall not be more than forty percent (40%) higher nor more than four (4) percentage points more than the percentage prescribed for residential real property or more than forty percent (40%) higher nor more than four (4) percentage points more than the percentage prescribed for all other property other than minerals.

(e)

Notwithstanding any other provision of this article, residential real property may be valued for purposes of taxation using a valuation method determined by the legislature as prescribed by law.

Section 2.

That the Secretary of State shall endorse the following statement on the proposed amendment:

Currently, residential real property is valued for purposes of taxation by determining the fair market value of the residential real property. This constitutional amendment would authorize the Legislature to provide by law for the valuation of residential real property using a valuation method determined by the legislature.

(END)

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HJ0004