Homeowner tax exemption-2025 and 2026.

HB 169 creates a temporary property tax exemption for Wyoming homeowners, reducing their tax bill by 50% on the first $1 million of their home's value for tax years 2025 and 2026. It applies to single-family residential properties like houses, mobile homes, and condos, directly benefiting homeowners who own these properties. The state will compensate local governments and schools for lost revenue using $125 million from the general fund, with funds expiring after June 2027. The exemption does not apply to tax year 2027 or later.