The Wyoming Senate has passed Senate File 39, a bill that would make Wyoming’s long-term homeowner property tax exemption permanent. For homeowners in Jackson Hole and across Teton County, this is a meaningful development in Wyoming property tax policy.
Originally adopted in 2024, the long-term homeowner exemption provides property tax relief to qualifying residents who are at least 65 years old, have paid Wyoming property taxes for 25 years or more, and live in their home at least eight months per year. The current law is set to sunset on July 1, 2027 — but SF39 removes that expiration date.
In Teton County alone, over 1,000 homeowners applied for the exemption this year. The proposed amendments would also modernize the renewal process, allowing eligible homeowners to confirm continued qualification directly with the county assessor rather than refiling full applications annually.
Another key amendment would cap the 50% property tax exemption at the first $3 million of a home’s fair market value. This change is designed to provide relief to long-term Wyoming residents while maintaining balance in high-value markets like Jackson Hole.
For buyers, sellers, and long-term homeowners, understanding these changes is critical. At Harland Brothers Real Estate, we stay deeply informed on Wyoming tax legislation, Teton County market dynamics, and how public policy impacts real estate values, ownership strategy, and generational planning.
If you have questions about how Wyoming property tax exemptions affect your property, investment strategy, or long-term residency plans, our team is here to provide clarity.
Read More at Jackson Hole News & Guide.
