Lawmakers consider property tax exemption

Teton County saw the state’s largest jump in property taxes in 2021 with a 36% increase, according to Department of Revenue data. The other 22 Wyoming counties also saw increases, averaging 16.17%. These hikes are particularly challenging for those on a fixed income, such as retirees and disabled residents. Tenants are also exposed to higher property taxes because some landlords will pass on the increased cost to them through the rental price.

However, county officials have warned lawmakers of unintended financial consequences — property taxes fund local governments and state education.

Long term solutions

There are more than a dozen property tax exemptions on the Joint Revenue Committee’s consideration table, each with a different financial outcome and potential legal challenge. Timelines also vary; Some proposals, for example, will not materially change for several years.

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