Constitutional amendment-veterans property
tax exemption.
25LSO-0430, 1.1
HJ0004
FISCAL NOTE
The Secretary of State's Office will experience an estimated expenditure increase
of approximately $77,000 for this resolution in FY27 for statutory publication
costs. This estimate is based on anticipated publication costs for resolutions of
this type of $17,500 for introductory lines plus $1,975 for each line of text in
the proposed resolution and proposed ballot language.
Information provided by Jesse Naiman, Sec. of State's Office, phone: 777-5333.
(This cost may be considered an administrative cost but is listed here for
consistency.)
This constitutional amendment would create a property tax exemption for the
primary residence for veterans certified as having a permanent and total service-
connected disability of 100 percent. This exemption would also apply to the
surviving spouse that has not remarried and the exempt property remains the
primary residence of the surviving spouse.
According to the Wyoming Military Department (WMD), there are 2,965 documented
veterans with a disability of 100 percent. This number does not include surviving
spouses. The WMD states that the number of surviving spouses is unknown. The
Department of Revenue estimates a total property tax revenue decrease of
approximately $6.9 million per year, based on the WMD’s count of 100 percent
disabled veterans, federal census data regarding the percentage of veteran home
ownership, average home values and current average mill levies.
The fiscal impact of this constitutional amendment is indeterminable, as it would
be contingent on 1) the passage of the constitutional amendment by the electors
of the state of Wyoming in the 2026 General Election and 2) the passage of future
legislation by the Wyoming Legislature regarding the administration of the
exemption.
Prepared by: Dean Temte, LSO Phone: 777-7881
(Information provided by Kenneth Guille, Department of Revenue, 777-5235;
Wenlin Liu, Division of Economic Analysis, 777-7702;
Doug Shope, Military Department, 307-421-3112)