This bill amends the property tax exemption for long-term homeowners in Wyoming by repealing the sunset date, thereby making the exemption permanent. It revises the application deadline for the exemption from the fourth Monday in May to March 1 each year. Additionally, the bill introduces a new provision allowing homeowners to maintain their exemption in subsequent years by confirming their eligibility with the assessor's office by the same March 1 deadline. The exemption amount is set at fifty percent of the assessed value of the residential property, applicable only to the first three million dollars of fair market value, and is available to homeowners aged sixty-five or older who have paid property taxes in Wyoming for at least twenty-five years.

Furthermore, the bill clarifies that only one exemption can be claimed per property in any given year, and it includes a provision for surviving spouses of qualifying homeowners to continue receiving the exemption. The bill also repeals a previous law that established a sunset date for the exemption, ensuring its ongoing availability. The effective date for this act is set for July 1, 2026.

Statutes affected:
Engrossed: 39-11-105