Wyoming Continues To Provide The Best Bang For The Buck With The Second Lowest Effective Individual Tax Burden

Cheyenne, Wyoming – According to the Tax Foundation’s Facts & Figures 2024, Wyoming ranks second for the lowest tax burden at 7.5% and 37th for lowest property taxes paid as a percentage of owner-occupied housing value at 0.55% (https://taxfoundation.org/data/all/state/2024-state-tax-data/).

This coincides with Wyoming Taxpayers Association’s most recent report, The Cowboy Family, which aims to deliver transparency regarding what individual benefits the Wyoming tax structure provides. Wyoming citizens are fortunate to live in a place where the average family of four pays $4,429.08 in taxes and receives $61,263.44 in state and local services (learn more at https://wyotax.org/cowboy-family-dashboard-2/). Wyoming citizens only pay a fraction of the cost of services received thanks to Wyoming’s mineral industries and investments which contribute a substantial amount towards the remaining portion of the cost of government services.  

To learn more about either if of these reports visit www.wyotax.org and click on the top right The Cowboy Family or www.taxfoundation.org and click under their latest work, Facts & Figures 2024: How Does Your State Compare?