| 1 | 1 | | 2025 |
|---|
| 2 | 2 | | STATE OF WYOMING |
|---|
| 3 | 3 | | 25LSO-07861HB0328 |
|---|
| 4 | 4 | | HOUSE BILL NO. HB0328 |
|---|
| 5 | 5 | | Residential real property-taxable value-2. |
|---|
| 6 | 6 | | Sponsored by: Representative(s) Locke, Guggenmos and Lucas |
|---|
| 7 | 7 | | A BILL |
|---|
| 8 | 8 | | for |
|---|
| 9 | 9 | | 1 AN ACT relating to taxation and revenue; providing for |
|---|
| 10 | 10 | | 2 administration of the property tax; specifying property tax |
|---|
| 11 | 11 | | 3 assessment rates for residential real property; making |
|---|
| 12 | 12 | | 4 conforming changes; specifying applicability; and providing |
|---|
| 13 | 13 | | 5 for an effective date. |
|---|
| 14 | 14 | | 6 |
|---|
| 15 | 15 | | 7 |
|---|
| 16 | 16 | | 8 |
|---|
| 17 | 17 | | 9W.S. 39-11-101(a)(xvii) by creating a new |
|---|
| 18 | 18 | | 10 subparagraph (C), by renumbering (C) as (D) and by creating |
|---|
| 19 | 19 | | 11 new paragraphs (xix) and (xx) and 39-13-103(b)(iii)(intro), |
|---|
| 20 | 20 | | 12 by creating a new subparagraph (C) and by renumbering (C) |
|---|
| 21 | 21 | | 13 as (D) are amended to read: |
|---|
| 22 | 22 | | 14 |
|---|
| 23 | 23 | | 15 |
|---|
| 24 | 24 | | 16 2025STATE OF WYOMING25LSO-07862HB03281 (a) As used in this act unless otherwise specifically |
|---|
| 25 | 25 | | 2 provided: |
|---|
| 26 | 26 | | 3 |
|---|
| 27 | 27 | | 4 (xvii) "Taxable value" means a percent of the |
|---|
| 28 | 28 | | 5 fair market value of property in a particular class as |
|---|
| 29 | 29 | | 6 follows: |
|---|
| 30 | 30 | | 7 |
|---|
| 31 | 31 | | 8 |
|---|
| 32 | 32 | | 9‑tenths |
|---|
| 33 | 33 | | 10 |
|---|
| 34 | 34 | | 11 |
|---|
| 35 | 35 | | 12 (D) All other property, real and |
|---|
| 36 | 36 | | 13 personal, including property valued and assessed under W.S. |
|---|
| 37 | 37 | | 14 39-13-102(m)(vi) and (ix), nine and one-half percent |
|---|
| 38 | 38 | | 15 (9.5%). |
|---|
| 39 | 39 | | 16 |
|---|
| 40 | 40 | | 17 |
|---|
| 41 | 41 | | 18 |
|---|
| 42 | 42 | | 19 |
|---|
| 43 | 43 | | 20 |
|---|
| 44 | 44 | | 21 |
|---|
| 45 | 45 | | 22 |
|---|
| 46 | 46 | | 23 2025STATE OF WYOMING25LSO-07863HB0328 |
|---|
| 47 | 47 | | 1 |
|---|
| 48 | 48 | | 2 |
|---|
| 49 | 49 | | 3 |
|---|
| 50 | 50 | | 4 |
|---|
| 51 | 51 | | 5 |
|---|
| 52 | 52 | | 6 |
|---|
| 53 | 53 | | 7 |
|---|
| 54 | 54 | | 8 |
|---|
| 55 | 55 | | 9 |
|---|
| 56 | 56 | | 10 |
|---|
| 57 | 57 | | 11 (b) Basis of tax. The following shall apply: |
|---|
| 58 | 58 | | 12 |
|---|
| 59 | 59 | | 13 (iii) Beginning January 1, 1989, axable value" |
|---|
| 60 | 60 | | 14 means a percent of the fair market value of property in a |
|---|
| 61 | 61 | | 15 particular class as follows: |
|---|
| 62 | 62 | | 16 |
|---|
| 63 | 63 | | 17 |
|---|
| 64 | 64 | | 18tenths |
|---|
| 65 | 65 | | 19 |
|---|
| 66 | 66 | | 20 |
|---|
| 67 | 67 | | 21 (D) All other property, real and |
|---|
| 68 | 68 | | 22 personal, nine and one-half percent (9.5%). |
|---|
| 69 | 69 | | 23 2025STATE OF WYOMING25LSO-07864HB03281. This act shall first apply to the tax year |
|---|
| 70 | 70 | | 2 beginning January 1, 2025. |
|---|
| 71 | 71 | | 3 |
|---|
| 72 | 72 | | 4. This act is effective immediately upon |
|---|
| 73 | 73 | | 5 completion of all acts necessary for a bill to become law |
|---|
| 74 | 74 | | 6 as provided by Article 4, Section 8 of the Wyoming |
|---|
| 75 | 75 | | 7 Constitution. |
|---|
| 76 | 76 | | 8 |
|---|
| 77 | 77 | | 9 (END) |
|---|