On occasion, I still get a few questions on property tax relief bills that have passed and the one that didn’t get across the finish line.
Here’s a quick summary.
The Governor signed HB0003 – Property tax exemption for long-term homeowners; HB0045 – Property tax exemption-residential structures and land; and SF0089 – Veterans ad valorem exemption-amount.
House Bill 3 provides an exemption of 50% of a property’s value for primary residence homeowners if the primary owner of the residence or their spouse is 65 or older and has paid property taxes in the state for 25 years or more.
House Bill 45 puts a 4% cap on year-to-year property tax increases on residential structures and land, while Senate File 89 doubles the veterans tax exemption from $3,000 to $6,000 of assessed value.
Senate File 54, didn’t make the final production. SF 54 provided a 25% exemption for all Wyoming homeowners up to the first $2 million of assessed value for a residential property.
SF 54 covered by low to middle income folks who have battled against four years of increased property taxes.
However, there is one other catch net in program — the property tax refund program for homeowners is now open for applications.
Homeowners can apply for a refund of up to one-half of the median residential property tax amount or 75 percent of their 2023 property tax bill, whichever is less.
Who can help you figure this out — Lincoln County Treasurer Jerry Greenfield.
I have invited him to do a short presentation at an SV Chamber Luncheon on Monday, May 6 at the Salt River Grill.
Please RSVP at svidan@silverstar.com, if planning to attend. This is a no-host event, so you can cover your own meal.
The Treasurer will also be at the Lincoln County Afton Branch Office on May 22, from 11 a.m. to 3 p.m., the Thayne City Hall on May 23, from 10 to 12 noon and the Alpine Civic Center on May 23 from 2-5 p.m. if you would like help with the tax refund program.