Property tax-mill levy adjustment.

This bill (SF 104) sets annual limits on property tax mill levies for Wyoming school districts, counties, and cities/towns based on inflation adjustments. It requires that tax rates for schools (max 25 mills), counties (max 12 mills), and municipalities (max 8 mills) be adjusted each year to match the previous year's revenue when adjusted for inflation using the Consumer Price Index. The bill would directly affect local governments and property owners by preventing tax increases that exceed inflation. It would take effect January 1, 2024, if enacted.