Homeowner tax exemption bill for Wyoming in tax years 2025 and 2026.

The bill establishes a homeowner property tax exemption in Wyoming for tax years 2025 and 2026. It provides a 50% exemption on the first $1 million of the fair market value of residential properties. The exemption applies to structures intended for human habitation, including houses, modular homes, mobile homes, townhouses, or condominiums that are privately owned single-family dwelling units. The bill appropriates $125 million from the general fund to compensate government entities for revenue losses due to the exemption. The exemption does not apply for tax year 2027 and thereafter.

Homeowner tax exemption bill for Wyoming in tax years 2025 and 2026.

The bill establishes a homeowner property tax exemption in Wyoming for tax years 2025 and 2026. It provides a 50% exemption on the first $1 million of the fair market value of residential properties. The exemption applies to structures intended for human habitation, including houses, modular homes, mobile homes, townhouses, or condominiums that are privately owned single-family dwelling units. The bill appropriates $125 million from the general fund to compensate government entities for revenue losses due to the exemption. The exemption does not apply for tax year 2027 and thereafter.