In 2024, voters in Wyoming will decide on a constitutional amendment to add residential real property as a fourth, separate, class of property for property tax purposes. Under the amendment, the legislature would be authorized to create a subclass of residential property for owner-occupied primary residences, which could be assessed at a different rate from other property in the residential property class.
Currently, the Wyoming Constitution requires property to be assessed at full value, uniformly, in each of three existing property classes:
- gross production of minerals and mine products in lieu of taxes on the land where produced;
- property used for industrial purposes; and
- all other real and personal property.
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