HB 169 - Reduces Residential Property Taxes by 50 Percent on $1 Million Valuations - Wyoming Key Vote

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Title: Reduces Residential Property Taxes by 50 Percent on $1 Million Valuations

Vote Smart's Synopsis:

Vote to pass a bill that reduces residential property taxes by 50 percent on $1 million valuations in Wyoming.

Highlights:

  • Reduces residential property taxes by 50 percent on $1 million valuations in Wyoming (Sec. 1).

  • Specifies that these changes in legislation are expected to cost $395 million (Sec. 1). 

  • Appropriates state funding to backfill around half the expected amount (Sec. 1).

  • Establishes that these reductions shall be offered beginning in the 2025-2026 tax years and shall be set to expire in 2027 (Sec. 1).

  • Specifies that the provisions of this bill shall become effective immediately upon passage and approval by the Governor (Sec. 5).

Title: Reduces Residential Property Taxes by 50 Percent on $1 Million Valuations

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