WY SF0110

Owner-occupied primary residences (where owner resides at least 8 months per year) receive a reduced property tax assessment rate of 8.3% of fair market value, down from the standard 9.5% rate

All other residential real property (rentals, second homes, investment properties) remains assessed at 9.5% of fair market value

Primary residence owners can claim zero school district mills by submitting a claim to the county assessor by March 1 each year on Department of Revenue forms

Residential real property is defined as dwellings designed for up to 3 families, including single-family homes, modular homes, mobile homes, townhouses, and condominiums

$500,000 appropriated from the general fund to the Department of Revenue for implementation, with funds available to counties for updating assessment and tax systems through June 30, 2028; effective January 1, 2027, with first application to tax year beginning January 1, 2028