Residential property tax revisions.

26LSO-0431
2026
STATE OF WYOMING
26LSO-0431
ENGROSSED
3.0

SENATE FILE NO. SF0110

Residential property tax revisions.

Sponsored by: Senator(s) Hicks, Barlow, Boner, Crago, Crum, Dockstader, Gierau, Kolb, Landen and Steinmetz and Representative(s) Heiner, Lien, Locke and Neiman

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; limiting the applicability of specified mills to residential real property used as a primary residence by the owner of the property; repealing a related property tax exemption; making conforming amendments; providing an appropriation; 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), 39
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13
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103(b)(iii) by creating a new subparagraph (C) and by renumbering (C) as (D) and 39
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13
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104(d)(i) are amended to read:

39
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11
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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 as follows:

(I)

An owner occupied primary residence, eight and three
‑
tenths percent (8.3%);

(II)

All other residential real property, 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 eight (8) 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 dwelling including a single family home, modular home, mobile home, townhouse or an individual condominium unit if the dwelling is used as a residence.

39
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13
‑
103.

Imposition.

(b)

Basis of tax.

The following shall apply:

(iii)

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

(C)

Residential real property as follows:

(I)

An owner occupied primary residence, eight and three
‑
tenths percent (8.3%);

(II)

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

(C)
(D)

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

39
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13
‑
104.

Taxation rate.

(d)

There shall be annually levied and assessed upon the taxable value of property within the limits of Wyoming school districts the following school taxes when applicable:

(i)

Not to exceed the number of mills provided by W.S. 21
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13
‑
102
, provided that zero (0) mills shall be assessed on residential real property under this paragraph if the owner of the residential real property submits a claim to the county assessor not later than March 1 of each year on forms provided by the department of revenue demonstrating that the person is the owner of the property and that the property is the person's primary residence
;

Section 2.

W.S. 39
‑
11
‑
105(a)(xlvi) is repealed.

Section 3.

There is appropriated five hundred thousand dollars ($500,000.00) from the general fund to the department of revenue for purposes of implementing this act. The department of revenue may provide funds from this appropriation to counties on a pro rata basis to update assessment and tax systems to implement this act. This appropriation shall be for the period beginning with the effective date of this act and ending June 30, 2028. This appropriation shall not be transferred or expended for any other purpose and any unexpended, unobligated funds remaining from this appropriation shall revert as provided by law on June 30, 2028.

Section 4
.

This act shall first apply to the tax year beginning January 1, 2028.

Section 5
.

This act is effective January 1, 2027
.

(END)

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SF0110