WY HJ0004

Proposes amending Wyoming Constitution Article 15, Sections 1, 10, and 11 to authorize the legislature to determine valuation methods for residential real property taxation

Currently residential property must be valued at fair market value; amendment would allow alternative valuation methods set by the legislature

Exempts residential property using legislature-determined valuation from requirements to be valued and assessed separately from land improvements

Removes State Board of Equalization's duty to equalize valuations on residential property that uses the new legislative valuation method

Requires two-thirds approval from both legislative houses and majority voter ratification at the next general election to take effect