Homeowner tax exemption.

SF 54 establishes a property tax exemption for Wyoming homeowners with primary residences, reducing their taxable value by 25.6% (capped at $200,000). Homeowners must claim the exemption annually by May 4th through their county assessor, providing proof of ownership and primary residence status (occupying the home for at least 8 months yearly). The exemption applies to single-family homes, condos, mobile homes, or trailers used as a primary residence, including up to one acre of land. False claims are punishable under existing law, and the exemption takes effect January 1, 2025.