HB0124

Failed

Property tax exemption reduction.

Reduce property tax exemptions for single-family homes by basing them on prior year assessed values.

Full legal title

AN ACT relating to taxation; amending a property tax exemption for single family residential structures based on the prior year assessed value; amending a property tax exemption for land associated with a single family residential structure based on the prior year assessed value; and providing for an effective date.

Taxes

Sponsor:

Co-sponsors: Representative(s) Allemand, Bear, Brown, G, Pendergraft, Riggins, Styvar, Senator(s) Ide

View on wyoleg.gov Introduced Text (PDF)Digest (PDF)Fiscal Note (PDF)

What does this bill do?

Reduces the property tax exemption growth rate for single-family residential structures and associated improved land from four percent to two percent annually.

Amends the property tax exemption for single-family residential structures to reduce the annual exemption growth rate from four percent to two percent of the prior year assessed value. (W.S. 39-11-105(a)(xliii)(A), Sec. 1)
Amends the property tax exemption for improved land associated with single-family residential structures to reduce the annual exemption growth rate from four percent to two percent of the prior year assessed value. (W.S. 39-11-105(a)(xliv)(A), Sec. 1)

Effective: July 1, 2026

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Actions (3)

2/10/2026(House)

H Failed Introduction 31-29-2-0-0

2/9/2026(House)

H Received for Introduction

2/9/2026(LSO)

Bill Number Assigned

Roll Call Votes (1)

H Failed Introduction 31-29-2-0-0

Key Vote

Show individual votes

Yea: Allemand, Andrew, Angelos, Bear, Brady, Bratten, G. Brown, K. Campbell, Guggenmos, Haroldson, Hoeft, Johnson, Knapp, Locke, Lien, Lucas, Ottman, McCann, Pendergraft, Rodriguez-Williams, Schmid, Singh, Smith, Strock, Styvar, Tarver, Webb, Webber, Wasserburger, Wharff, Winter

Nay: L. Brown, Byron, E. Campbell, Chestek, Connolly, Clouston, Davis, Erickson, Filer, Fornstrom, Geringer, Harshman, Jarvis, Heiner, L. Larsen, JT. Larson, Lawley, Nicholas, Posey, Provenza, Riggins, Sherwood, Storer, Thayer, Washut, Williams, Wylie, Yin, Neiman

Excused: Banks, Kelly