Wyoming

Wyoming has an effective property tax rate of 0.55%, with a median annual property tax of $1,563. Properties are assessed at 9.5% of market value and reassessed annual (county assessors value all property each year). Payments are due semi-annual.

Effective Rate

0.55%

Assessment Ratio

9.5%

Median Annual Tax

$1,563

Payment Frequency

Semi-Annual

Appeal Deadline

By the fourth Monday in May to County Board of Equalization; then to State Board of Equalization

Due Dates

First half due September 1 (delinquent November 10); second half due March 1 (delinquent May 10)

Reassessment Cycle

Annual (county assessors value all property each year)

Homestead Exception

No standard homestead exemption. Tax refund program for low-income residents (income under $31,500): state refunds portion of property tax. Veterans exemption: $3,000 of assessed value ($31,579 market value).

Key Notes

No state income tax. Assessment ratio is 9.5% for residential; 11.5% for commercial/industrial. Low assessment ratio combined with moderate mill rates produces low effective rates. Mineral property (oil, gas, coal) taxed at higher assessment ratios. 4-year redemption period is longest in US.

Late Penalty

3% penalty per month on delinquent taxes (maximum 18%); plus interest at 15% per annum after 4 months

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