The Average Wyoming Property Taxpayer is Saving $1,282.65 Annual Through Existing Programs – Vote No on Prop 1

The Wyoming Taxpayers Association is committed to promoting sound tax policy for a healthy Wyoming economy. We know property owners are looking for meaningful, long-term solutions for property taxes; Prop 1 is NOT a solution. The Wyoming Taxpayers Association wants to help voters understand the current tax environment. In 2025, the Wyoming legislature enacted nearly $216 million in tax reform. What does that mean for the average Wyomingite? Let’s take a look.

Let’s explore the legislation behind these numbers and how they help Wyoming taxpayers.

Taxpayer 1: 10-Year Homeowner

This is Tom. He is a single man who has owned and lived in his home in Wyoming for over 10 years. He is in his early 50s. Under the Homeowner Property Tax Exemption + Property Tax Refund Program, he will save an average of $1,282.65 on his property taxes. Our estimates are based on the median home values of each county, the current mills assessed in each county, and the median property tax bill in each county.

 

Here is what a taxpayer like Tom saved in a few counties in Wyoming:

 

Taxpayer 2: 5-Year Homeowner

This is the Smith Family. They are a married couple with two school-age children. They bought and have lived in their single-family home for the last five years. Like Tom, they qualify for the Homeowner Property Tax Exemption + Property Tax Refund Program. They will save an average of $1,282.65 on property taxes. Homeowner’s Exemption exempts 25% of the taxable value of an owner-occupied single-family residential dwelling and associated improved land. This exemption applies to the first $1 million ($1,000,000) of fair market value. For tax year 2027, any taxpayer that owns and resides in a qualifying single-family residential structure may be eligible to claim an exemption if the taxpayer resides on the property for at least eight (8) months of the year. If the property was purchased after January 1, 2027, residency at a taxpayer’s previously qualifying property may be considered for purposes of the tax year 2027 exemption.

The Property Tax Refund program is the other program both Tom and the Smith Family qualify for. This program allows people of any age to apply for property tax relief as long as they meet the eligibility requirements. These requirements are: (i) Household income is equal to or less than 145% of the median household income for the county in which you reside or the statewide median, whichever is greater; (ii) personal assets other than your house, a car for each adult household member, and an IRA and other pension funds are worth less than $169,866 per adult household member; and (iii) you must be a resident of Wyoming for the past 5 years. Once property taxes are paid and eligibility requirements are met, the applicant is eligible to receive up to 75% of their property tax bill or 50% of the median property tax bill in the county in which the applicant resides, whichever is less, in a refund back from the State.

Taxpayer 3: 65 Years Old and 25-Year Homeowner

This is the Wright Family. They are a married couple, both over 65 years old. They bought and have lived in their single-family home for 25 years. Under the Long‐Term Homeowners Exemption + Property Tax Refund Program, they will save an average of $2,104.86 on property taxes. The Long-Term Homeowners Exemption program is designed for Wyoming Senior Citizens. The Long-Term Homeowners Exemption is available to homeowners who are 65 years of age or older, or whose spouse is 65 years of age or older, and have paid property taxes in Wyoming for at least 25 years. The 25-year requirement does not need to be consecutive. The exemption removes 50% of the fair market value of the primary residence and associated improved land, up to 35 acres. This exemption applies to the first $3 million of fair market value. For tax year 2027, any taxpayer that owns and resides in a qualifying single-family residential structure, may be eligible to claim the exemption if the taxpayer resides in the property for at least eight (8) months of the year. If the property was purchased after January 1, 2027, residency at a taxpayer’s previous qualifying property may be considered for purposes of the tax year 2027 exemption.

Here is what taxpayers like the Wrights saved across Wyoming:

 

Taxpayer 4: 50 Years Old, Veteran, 25-Year Homeowner

This is the Jones Family. They are a married couple who are both in their 50s. Mr. Jones is a retired military veteran. They bought and have lived in their single-family home for 25 years. Under the Homeowners Exemption + Property Tax Refund Program + Veterans Property Tax Exemption, they will save an average of $1,689.62* on property taxes. The Veterans Property Tax Exemption is available to a qualifying veteran or his or her surviving spouse. They must be a Wyoming resident for three years, and meet one of the definitions of a veteran under Wyoming Statute 39-13-105. The exemption is $6,000 of the home’s assessed value, which translates to $63,158 of fair market value.

Here is what taxpayers like the Joneses are paying across Wyoming: