Property tax exemption-specified real property-2.

SF 119 creates a new property tax exemption for non-agricultural real estate in Wyoming. It exempts value above last year's taxable amount plus the county's median household income growth (capped at 3% annually). Property owners who purchased their property in the prior calendar year are excluded from the exemption. Tax assessment notices must now clearly show if this exemption applies to a property. The exemption begins for 2024 property taxes.