Property tax-limiting the maximum taxable value increase.

This bill limits annual increases in the taxable value used to calculate property taxes for most non-exempt properties in Wyoming. It caps the yearly increase at 5% from the previous year's taxable value, excluding changes from property improvements or renovations. This directly affects residential and commercial property owners who pay taxes on "all other property" (not agricultural or specific exempt categories). The rule applies to all such properties statewide starting January 1, 2024, preventing rapid tax bill jumps due to rising market values alone.