taxes

Voters will decide on a 50% property tax cut this general election. It’s a help to homeowners amid rising property values, but could hurt budgets of local services.

The effort comes after 30,000 Wyomingites signed a petition to get the 50% statewide tax break on the ballot.

Laramie City Council and Albany County commissioners hosted a public meeting on the potential impacts of the 50% property tax cut that will be on the ballot this November.

While deep diving into Wyoming’s tax structure, lawmakers reviewed bills that could change data centers’ tax rate and require companies to report more information about tax exemptions.

The volunteer fire department is looking for community support to purchase a side-by-side to help get them quicker to rural fires.

The agreement, granted by a district court, is designed to minimize disruptions to Wyoming’s tax system.

Lawmakers passed a bevy of bills to change and fund education, health and incentivize National Guard and wildland fire positions, among other things.

Wyoming sits behind Florida, Texas, California, Delaware and New York. Business-friendly policies and limited taxes contribute to businesses registering in the state.

The board says the 4% cap on residential property prevents equal assessments and raises constitutional concerns.

Companies have long registered in Delaware because of its favorable business environment. But Wyoming’s low tax rates, cryptocurrency industry and chancery court could be making them change course.