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SF0078 • 2026

Residential real property-taxable value.

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

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

The bill did not pass and was not introduced further, so its provisions are not in effect.

Property Tax Rates for Homes

This act sets new property tax rates and definitions for residential real property in Wyoming.

What This Bill Does

  • Sets a new property tax rate of 8.3% for residential real property, which includes houses used as primary residences.
  • Updates the definition of 'taxable value' to apply this new rate specifically to homes.
  • Makes conforming amendments to existing laws to reflect these changes in property tax rates and definitions.

Who It Names or Affects

  • Homeowners who pay property taxes on their primary residences.

Terms To Know

Taxable value
The amount of a home's fair market value that is used to calculate the property tax owed.
Residential real property
Real estate, such as houses or condominiums, designed for living in and not more than three families.

Limits and Unknowns

  • The bill did not pass and was not introduced further.
  • It only affects residential properties starting from January 1, 2026, if it had passed.

Bill History

  1. 2026-02-09 Senate

    S Failed Introduction 10-21-0-0-0

  2. 2026-02-06 Senate

    S Received for Introduction

  3. 2026-02-06 LSO

    Bill Number Assigned

Current Bill Text

Read the full stored bill text 
26LSO-0103
2026
STATE OF WYOMING
26LSO-0103
Numbered
2.0

SENATE FILE NO. SF0078

Residential real property-taxable value.

Sponsored by: Joint Revenue Interim Committee

A BILL

for

AN ACT relating to taxation and revenue; providing for administration of property tax; specifying property tax assessment rates for residential real property; making conforming amendments; 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 a new paragraph (xix) 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, 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)

"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, 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, 2026.

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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SF0078