Constitutional amendment-property tax valuation.

This constitutional amendment (SJ 12) would create a separate property class for residential real estate in Wyoming’s tax system. It freezes the valuation of most residential property as of January 1, 2019 (or construction cost for homes built after 2019), requiring property taxes to be based on that fixed value until an addition/improvement is made or ownership transfers after 2025. The amendment would also allow the legislature to adjust this base value for inflation. It requires voter approval to become part of Wyoming’s constitution.