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SF 69 Wyoming House · 2025 Regular Session

Homeowner property tax exemption.

SF 69 creates a 25% property tax exemption on the first $2 million of value for qualifying single-family homes (including houses, mobile homes, and townhouses) owned by Wyoming homeowners. This reduces their tax bill but applies only to the first $2 million in home value, not the entire property. The exemption is temporary, ending after the 2026 tax year, and includes $125 million in state funding to reimburse counties and school districts for lost tax revenue caused by the exemption. Compensation for affected governments is capped at $100 million from a special fund and must be distributed by June 30, 2027.
Issues: ✓ Budget & TaxesSupports Budget & TaxesProvides property tax relief for homeowners via 25% exemption on first $2M value, funded by $125M state reimbursement to offset lost revenue, aligning with tax relief indicators.90% confidence
Bill status signed all 5 stages cleared
Introduction
Jan 2025
Committee Review
Feb 2025
Senate Passage
Feb 2025
House Passage
Feb 2025
Signed into Law
Mar 2025
Introduced Jan 14, 2025 Signed Mar 4, 2025
Maddy AI version diff · 1 comparison

What changed between versions

Introduced → Enrolled · 7 edits · Mar 4, 2025
MODERATE
The bill was finalized and enrolled after passing both legislative chambers. The homeowner property tax exemption was modified to reduce the maximum eligible property value from $2 million to $1 million, added a residency requirement of 8 months per year, and removed the sunset date and funding cap. The original $125 million appropriation was replaced with a new funding mechanism using the legislative stabilization reserve account to fully compensate government entities for lost tax revenue.
Scope change
The bill's scope was narrowed by reducing the maximum property value eligible for the tax exemption from $2 million to $1 million, and residency requirements were added to limit eligibility.
ELIGIBILITY

Reduced the maximum property value eligible for the tax exemption from $2 million to $1 million.

Added a requirement that homeowners must reside in the property for at least 8 months per year to qualify for the exemption.

Added an exception allowing military members to qualify even if they cannot meet the 8-month residency requirement due to active duty service.

TIMELINE

Removed the sunset date that would have ended the exemption after June 30, 2027.

FISCAL

Changed the funding mechanism from a fixed $125 million appropriation to a stabilization reserve account that fully compensates government entities for lost revenue.

Removed the $100 million cap on funding from the legislative stabilization reserve account.

REQUIREMENT

Added a requirement that taxpayers may still choose to pay property taxes without applying the exemption.

Floor votes · Senate Feb 4, 2025 · House Feb 19, 2025

How they voted

23–8
Passed
Total votes 31
Feb 4, 2025
D Democratic2
1 Yea 1 Nay
50% Nay
R Republican29
22 Yea 7 Nay
75% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
30
Key actions
8
Committee
4
Mar 4, 2025
Signed into law
Governor Signed SEA No. 0060
legislature
Feb 20, 2025
Lower · Passed
H 3rd Reading:Passed 42-19-1-0-0
lower
Feb 19, 2025
House · Passed
House Vote: pass (45-2-11)
house
Feb 13, 2025
Lower · Passed
H COW:Passed
lower
Feb 7, 2025
Lower · Passed
H02 - Appropriations:Recommend Do Pass 6-1-0-0-0
lower
Feb 5, 2025
Introduced
H Introduced and Referred to H02 - Appropriations
lower
Feb 4, 2025
Upper · Passed
S 3rd Reading:Passed 23-8-0-0-0
upper
Jan 28, 2025
Upper · Passed
S COW:Passed
upper
Jan 20, 2025
Upper · Passed
S03 - Revenue:Recommend Amend and Do Pass 3-2-0-0-0
upper
Jan 14, 2025
Introduced
S Introduced and Referred to S03 - Revenue
upper
0 primary · 0 co-sponsors

Sponsors

No sponsor information available.