Tax Relief and Exemptions
What is the Veterans’ Exemption?
The State of Wyoming Legislature budgets funding to assist qualifying Veterans in paying property taxes or motor vehicle registration. Veterans must be a bona fide resident of the State of Wyoming for at least three (3) consecutive years immediately preceding the time of claiming the exemption. A recently discharged veteran with a home residency of Wyoming, with no break in residency, has met this requirement.
A veteran previously enrolled in the veteran’s exemption program who moves to another state must wait three (3) years after returning to Wyoming before qualifying for the exemption.
Wyoming Department of Revenue Property Tax Division provide you the downloadable qualifying medals criteria, Veteran Exemption form, and the complete rules for the Veterans Exemption program.
What is the 25% Homeowners Exemption?
2025 Senate File 0069, otherwise known as the 25% Homeowners Exemption, exempts 25% of the fair market value of a single family residential structure and the associated improved land up the first 1 million dollars. For tax year 2026 and each year thereafter, homeowners must attest that they reside in that single family residential structure for not less than eight (8) months of the year.
What is the Long Term Homeowners Exemption?
2024 House Bill 0003, otherwise known as the Long Term Homeowners Exemption, exempts 50% of residential real property for qualifying taxpayers.
- Qualifications include 65 years or older as of the 4th Monday in May for the year of the application.
- Have paid Wyoming residential property taxes for a combined total of 25 years.
- Must live in their home for the exemption for at least 8 months of the prior year.
Long Term Homeowners Exemption application can be viewed here.
2026 House Bill 0045, updates the language of 2024 House Bill 0003
- Changes ‘assessed value’ to ‘fair market value’.
- Caps the application of the exemption to fair market value to the first three million dollars of fair market value.
- Removes the repeal date.
- Changes the sign-up date to no later than March 1 of each year.
- Revises the eight‑month prior‑year requirement to allow the period to be satisfied cumulatively between the recently sold primary residence and the current owner‑occupied residence.
- Subsequent exemptions can be done via phone, mail or other communication methods, provided nothing has changed in the original signed affidavit.
What is the 4% Cap?
2024 House Bill 0045, otherwise known as the 4% cap, exempts any increase in the assessed value of residential property of more four percent (4%) over the value of the previous year. This exemption first applies to residential structures in 2024 and to residential land in 2025.
The Property Tax Refund provides a refund for a portion of proper taxes paid. This program is managed through the Wyoming Department of Revenue and facilitated through the Park County Treasurer.
Business Personal Property Exemptions
2025 Senate File 0048 provides an exemption from property tax for business property. The amount of the exemption is the first seventy-five thousand dollars ($75,000.00) in fair market value of business property owned by a person in each county.
Agriculture Exemption. Wyoming statutes provides for a classification of land for Agricultural purposes provided the land meets certain qualifications.
Below are links to the required Agricultural Exemption forms.
Forms can be emailed to Kayla.Barnhart@parkcounty-wy.gov
Commercial & Industrial Exemptions
There are several exemptions that apply to Commercial and Industrial entities. Click here to explore the exemption opportunities.
Mineral Exemptions
The Wyoming Constitution, Article 15, Section 3 allows for the taxation of the gross production of minerals, including oil and gas, in lieu of property tax on the land. The specifics are further defined by Department of Revenue Chapter 9 Rules. Email or call the Assessor for more information.