SF0069-Homeowner Property Tax Exemption

Summary/Major Elements:

This bill establishes a property tax exemption for a portion of a single family residential structure and the associated improved land as a homeowner exemption.
The bill establishes the amount of the exemption as twenty-five (25%) of the fair market value of the single family residential structure and the associated improved land, provided that the exemption only applies to the first one million ($1,000.000.00) of the fair market value of the property.
The bill specifies that the exemption is not available to a person who has applied for and received the long-term homeowner property tax exemption for the same property in the same tax year.
The bill establishes a definition of a "single family residential structure" and specifies that, beginning with tax year 2026, the definition means a single family residential structure where the person claiming the exemption actually resides for not less than eight (8) months of the year unless service in the armed forces is the reason that the person claiming the exemption cannot meet the eight (8) month requirement.

Effective: January 1, 2025

Filing period: October 1st through March 1st of each year
Administered By: County Assessor
Where to Apply: Online by Completing the Wyoming Residential Owner-Occupied Affidavit:
- Visit: https://ptd.wyo.gov/OWNEROCC/pages/home
- Or visit your County Assessor if have questions or need assisstance

Requirements:

Single-family residential structure and associated improved land.
Owner must occupy the residence 8+ months/year.
Info needed: County, address or Assessor's Office account number
**Not available to persons who qualify for the Long-term Homeowner Exemption
This exemption was automatically applied in 2025, but to receive it from here on after you will have to fill out the Wyoming Residential Owner-Occupied Affidavit, found at above link.