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This means the board will have to enforce the 4% property tax increase cap with the assumption it’s constitutional. This comes after the governor moved to sue the Board of Equalization over concerns that the cap is unconstitutional.
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The board says the 4% cap on residential property prevents equal assessments and raises constitutional concerns.
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Second home sales are booming; those that manage them can’t afford to live in town.
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The 25% reduction applies to the first $1 million of a primary residence’s assessed value. Full time residents must submit an affidavit to request it, available online or with their local county assessor.
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The lawsuit would’ve aimed to stop enforcement of a 2024 law that excluded sudden jumps in property assessments from taxation.
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In a since deleted social media post, a special district in Natrona County called for classifying EMS as an essential service under Wyoming law, like firefighting and law enforcement, to give it dedicated funding. That’s in response to property tax reductions.
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Members of the Revenue Committee went through slew of property tax bills that could change if the state collects from homeowners.
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The heads of the state’s special districts and school boards associations say concerns abound after lawmakers cut property tax revenue this year.
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In recent months, the U.S. Senate Budget Committee and the Federal Insurance Office have each released detailed data on insurance premiums, non-renewals and other key metrics. The advocacy groups Public Citizen and The Revolving Door Project brought that data to life with interactive maps.
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The school has increased student fees slightly and is looking for other cuts to help buffer the impacts.