Property tax-homeowner's exemption.

HB 98 creates a new property tax exemption for Wyoming homeowners who live in their primary residence. It allows eligible owners to reduce their taxable property value by up to $50,000 (capped at 25% of the home's total fair market value), directly lowering their annual property tax bill. To qualify, residents must have lived in Wyoming for at least five years and in the home for six months prior to claiming the exemption, with an annual claim required by May 4th. False claims carry penalties under existing law, and counties will receive redistributed funds from the state's legislative stabilization reserve to offset revenue losses from the exemption. The bill takes effect July 1, 2023.