Property tax-inflation cap.

HB 18 would cap annual increases in property tax assessments for residential homes in Wyoming at either the inflation rate (using the U.S. Consumer Price Index) or 5%, whichever is lower. This directly affects residential property owners by limiting how much their tax bill can rise each year, with exceptions for major property improvements or when a home is sold. The bill specifies that non-residential property remains subject to the standard 9.5% assessment rate. It also includes a contingent effective date requiring voter approval of a related constitutional amendment in the 2024 election. The bill is currently inactive after dying in committee in March 2024.