SF0039

Amends the property tax exemption for long-term homeowners in Wyoming by removing the sunset date, extending the exemption to surviving spouses, and.

The bill amends the property tax exemption for long-term homeowners in Wyoming by repealing the sunset date, allowing surviving spouses to continue qualifying for the exemption, and revising the exemption amount. Homeowners aged 65 or older who have paid property tax for at least 25 years on their primary residence can claim a 50% exemption on the first $3 million of the property's assessed value. The exemption applies only to the primary residence and cannot be claimed on multi-family properties. Homeowners must confirm their eligibility annually by March 1.