|
2008 will not be a year of property tax change in Wyoming.
Sponsors filed several tax-related bills in the Legislature’s
2008 Budget Session, which began in mid-February, but none
passed.
The failed legislation included plans to:
-
Reduce the assessment rate for industrial
property from 11.5% to 10.5% and lower the assessment rate
for all other real and personal property from 9.5% to 7.5%
-
Create an additional tax class for
residential property and limit tax hikes for homeowners to
10% per year
-
Enact a formula to limit mill levies to the
amount of property taxes assessed in the previous calendar
year, with an adjustment for inflation
Except for the budget bill, any other bill
requires a two-thirds vote of the Wyoming House or Senate for
introduction in a budget session. That rule was a factor in the
lack of new legislation this year..
|
