Initiative 1State law · Citizen initiative
Half-value primary home exemption
Explain it like I'm 5
This would make half of the building value of your main home tax-free. It is like getting half off the taxable part of the house, but not necessarily half off your whole bill because the land and other rules still count.
Yes vote
Creating a 50% property-tax exemption for the assessed value of a qualified primary-residence dwelling.
No vote
Not creating this new exemption, while existing property-tax laws and relief programs remain in place.
The question to ask yourself
Is broad homeowner tax relief worth the risk of less money for schools and other local services?
The case for
- It could help homeowners facing sharply higher bills as home values rise.
- It could help retirees and families remain in their homes.
- It gives qualifying homeowners broad relief without an income test.
Backed by: BCR Initiatives, Republican Party of Wyoming, Constitution Party of Wyoming
The case against
- It could reduce funding for schools and local public services without a replacement plan.
- Owners of more valuable homes would generally receive larger dollar savings.
- The exemption could shift more of the tax burden toward renters, businesses, or other taxpayers.
Opposed by: Vote NO On Prop 1, Wyoming Realtors
- Money
- The official estimate projects a state revenue decrease of $92,614,266 in fiscal year 2028 and $95,855,766 in fiscal year 2029; the local impact was not estimated.
- Don't be misled
- Saying every homeowner's property-tax bill will be cut exactly in half is misleading because the exemption applies to the dwelling's assessed value, not automatically to the entire bill.