Property tax relief-assessment rate reduction.

This bill reduces Wyoming's property tax assessment rate for "all other property" (including most residential and commercial properties not covered by other classifications) from 9.5% to 7.5% of fair market value. It directly affects property owners in this category by lowering the taxable value used to calculate their annual property tax bill. The change takes effect January 1, 2024, as amended in sections 39-11-101(a)(xvii)(C) and 39-13-103(b)(iii)(C) of Wyoming law.