Housing & Property Taxes
Housing in Park County has been the cause of stress for many in our community. From the lack of affordable housing to skyrocketing property taxes, people are desperately seeking relief. While there is no one solution to fix all the issues affecting us, legislative gridlock and posturing have only made matters worse. Band-aid solutions only go so far and long-term solutions are needed.
Housing Shortage
For many working families in Park County the goal of home ownership is slipping away. The average cost of a fixer-upper is over $300,000, and many small to medium-sized houses are selling for over $450,000. To make matters worse, rental options are extremely limited. These factors have led to workers having nowhere to live to the detriment of their families and local businesses. To maintain a vibrant local economy, Park County needs more housing options for workers and families.
Measured Growth
In order to provide affordable housing options there must be an increase in the development of medium and high-density residential properties; however, this growth must be measured and carefully monitored in order to maintain the nature and character of Park County. Agricultural land is an invaluable part of our area’s character and economy and therefore must be preserved.
Residential Property Taxes
Over the past few years, property taxes have been a runaway train wreaking havoc on property owners and renters. Promises to address property taxes have been broken and political posturing has resulted in delayed relief. While the legislature has put temporary “fixes” in place, Wyomingites yearn for real solutions. The most logical solution will require a constitutional amendment to property classifications if residential property taxes are to be effectively addressed. In 2023, the Legislature passed Senate Joint Resolution No. 3 for this purpose, but it still needs to be ratified by the citizens. A similar amendment in 2023 through House Joint Resolution No. 2 failed to pass the House, and House Joint Resolution No. 1 failed to be introduced in 2024.
Other Property Tax Bills from 2024 Session
HB 003 - Property Tax Exemption for Long-term Homeowners -- Passed
HB 004 - Property Tax Refund Program -- Passed (with line item veto)
HB 018 - Property Tax - Inflation Cap -- Died in Committee
HB 045 - Property Tax Exemption - Residential Structures -- Passed
HB 052 - Property Tax - Homestead Exemption -- Died in Committee
HB 103 - Property Tax -Assessment Ratio for Residential Property -- Died in Committee
HB 112 - Real EstateTransfer Tax to Offset Property Tax -- Failed Introduction
HB 127 - Property Tax Exemption - Specified Real Property -- Died in Committee
HB 133 - Property Tax - Holiday -- Died in Committee
HB 134 - Property Tax Deferral Program - Amendments -- Died on Senate Floor
HB 146 - Property Tax Relief Program - Rental Property Applicants -- Failed Introduction
HB 157 - Use of Full Fair Market Value in Taxation -- Failed Introduction
HB 203 - Property Tax Reduction and Replacement Act -- Died on House Floor
HB 211 - Property Tax - Acquisition Value -- Not Considered
SF 054 - Homeowner Tax Exemption -- Vetoed by Governor
SF 063 - Property Tax Exemption - Residential Structures - 2 -- Not Considered
SF 089 - Veterans Ad Valorem Exemption - Amount -- Passed
SF 119 - Property Tax Exemption - Specified Real Property - 2 -- Not Considered
SF 121 - Property Tax - Homeowner's Exemption -- Not Considered
SF 126 - Property Tax Exemption - Inflation Cap 2 -- Not Considered
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