Property tax-assessment ratio for residential property.

Wyoming's HB 103 sets the property tax assessment ratio for residential property at 8.3% of fair market value, while maintaining a 9.5% rate for all other property types. This bill directly affects residential property owners by changing how their property taxes are calculated based on assessed value. The key provision amends Wyoming statutes to establish these specific assessment percentages for tax calculation purposes. The bill's effective date (January 1, 2025) is contingent on voters approving a related constitutional amendment in the 2024 general election.