Section 39-11-105 - Exemptions(a) The following property is exempt from property taxation: (i) Property owned by the United States the majority of which is used primarily for a governmental purpose. The following property is not owned and used primarily for a governmental purpose: (A) Improvements placed on federal lands by persons for private or commercial use;(B) Improvements furnished by the federal government to employees other than enlisted and officer personnel of the armed forces as a place of residence;(C) Improvements and equipment rented, leased, loaned or furnished by the federal government to employees or groups of employees for the purpose of operating enterprises for which there is a service or admission charge;(D) The equity or interest of the purchaser, his heirs, executors or assigns, in any real property being purchased from the United States government under a contract of sale, the value thereof to be determined by taking the market value of the real property and deducting the amount of principal and accrued interest owing to the United States on January 1 of the year for which the property is assessed;(E) Lands entered under any act of congress when final proof of ownership has been issued before February 1 whether or not patent for the lands has been issued.(ii) Property of the state of Wyoming owned and used primarily for a governmental purpose. The following property is not owned and used primarily for a governmental purpose: (A) Improvements placed on state lands by lessees for private or commercial use;(B) Improvements furnished by the state to employees as a place of residence;(C) Improvements and equipment rented, leased, loaned or furnished by the state to employees or groups of employees for the purpose of operating enterprises for which there is a service or admission charge;(D) The equity or interest of the purchaser, his heirs, executors or assigns, in any land being purchased from the state of Wyoming under a contract of sale, the value thereof to be determined by taking the market value of the lands and deducting the amount of principal and accrued interest owing to the state of Wyoming on January 1 of the year for which the property is assessed.(iii) Property owned and used by counties primarily for a governmental purpose;(iv) Property of a Wyoming school district owned and used primarily for a governmental purpose excluding teacherages;(v) Property of Wyoming cities and towns owned and used primarily for a governmental purpose including:(A) Streets and alleys and property used for the construction, reconstruction, maintenance and repair of streets and alleys;(B) Property used to furnish sewer and water services;(C) City or town halls, police stations and equipment, traffic control equipment, garbage collection and disposal equipment and lands and buildings used to service and repair the halls, stations or equipment;(D) Parks, airports, auditoriums, cemeteries, golf courses, playgrounds and recreational facilities. Any charges for the use of the facilities shall not exceed the cost of operation and maintenance to qualify for the exemption;(E) Personal property used exclusively for the care, preservation and administration of city or town property;(F) Parking lots operated on a nonprofit basis.(vi) Property of a public library used for library purposes;(vii) Real property used: (A) Exclusively for religious worship, church schools and church parsonages; or(B) For religious education camps which are used exclusively for religious educational training, associated fellowship activities or worship and are not used for private profit nor for commercial purposes.(viii) Property of a cemetery used for cemetery purposes;(ix) Property of: (A) A nonprofit organization, corporation, cooperative or association which is exclusively a water utility engaged in the production, gathering, transmission, distribution or sale of water for domestic use in Wyoming; and(B) Any other organization, corporation, cooperative or association which is a water utility, if the property is used in the production, gathering, transmission, distribution or sale of water for domestic use in Wyoming.(x) Fire engines, stations, including land upon which located, and equipment used to extinguish fires;(xi) Personal property held for personal or family use excluding mobile homes required to be titled under W.S. 31-2-501 through 31-2-508;(xiii) Vehicles subject to registration as defined by W.S. 31-4-101(a)(i) and 31-18-201(a) and registered as provided by law;(xiv) Vehicles owned by the United States, state of Wyoming, counties, cities, towns, school districts and municipal corporations when used primarily for a governmental purpose;(xvi) Property of a museum or hospital district;(xvii) In transit property;(xviii) Property owned by the Wyoming community development authority excluding assessments for local improvements;(xix) Property of charitable trusts, the purpose of which conforms to W.S. 4-10-406(a) and which is directly beneficial to the people of this state;(xx) Property used for pollution control to the extent provided by W.S. 35-11-1103;(xxi) Repealed by Laws 2009, Ch. 168, § 207.(xxii) Property owned by a water and sewer district;(xxiii) Property of a water conservancy district;(xxiv) The property of veterans to the extent provided by W.S. 39-13-105;(xxv) Property used for schools, museums, orphan asylums or hospitals to the extent they are not used for private profit. As used in this paragraph, "museum" means as defined in W.S. 34-23-101(a)(iv);(xxvi) Property owned and used by a secret and benevolent society or association which is directly beneficial to the people of this state to the extent it is not used for private profit nor primarily for commercial purposes by the society, association or lessee thereof;(xxvii) Property owned by a nonprofit society, foundation or association and used primarily as a community area center in which presentations in music, the arts and related fields are made in order to foster public interest and education therein, to the extent and in the proportion that receipts and revenues attributable to the above specified presentations bear to total receipts and revenues from the use and operation of the center including rentals and revenues received for the commercial use of the center not attributable to the above specified presentations;(xxviii) Lands for mines or mining claims as prescribed by section 3, article 15, Wyoming constitution and defined by W.S. 39-11-102(c)(viii);(xxix) Intangible personal property as provided by subsection (b) of this section, and except as specified in W.S. 39-13-103(b)(xi);(xxx) Other property as provided by law;(xxxi) All livestock including livestock in feed lots being fed for slaughter. This exemption applies only to ad valorem taxation. Any other special tax which is levied on livestock for a particular purpose based on the assessment value established by the department of revenue is not affected by this exemption;(xxxii) Any improvement to residential property making entrance to or common facilities within the property accessible to a handicapped person;(xxxiii) Real and personal property owned by an irrigation district created under W.S. 41-7-201 through 41-7-210 or a weed and pest control district created under W.S. 11-5-101 et seq. which is essential to the operation and maintenance of the district and which is used for no business or commercial activity unrelated to the operation and maintenance of the district;(xxxiv) Mobile machinery registered under W.S. 31-18-203 through 31-18-208;(xxxv) Property owned and used by a nonprofit corporation serving persons with disabilities, mental illnesses or substance abuse problems, or operating a family violence project to the extent it is not used for private profit nor primarily for commercial purposes;(xxxvi) Real property owned by the Wyoming game and fish commission. Nothing in this exemption affects the special tax levied under W.S. 39-13-103(b)(xii);(xxxvii) Property owned by a conservation district formed pursuant to the Wyoming Conservation Districts Law, W.S. 11-16-101 through 11-16-134;(xxxviii) Any improvements and land amenities, including but not limited to streets, curbs, gutters, utilities, sewer or water infrastructure that may contribute to the value of the land, on real property owned by a community development organization. The amount of the exemption shall be reported by the county assessor on the abstract submitted to the state board of equalization as prescribed by W.S. 39-11-102.1(c)(ii). This exemption shall cease to apply to improvements and land amenities on real property from and after the date the real property is sold or leased by the community development organization. As used in this paragraph, "community development organization" means a group of private citizens organized as a business entity authorized to do business in this state for the purpose of working with new, existing or expanding business for the creation of new jobs, capital investment and other economic or community development benefits throughout its community or county, which organization is authorized as a nonprofit commercially oriented organization under 26 U.S.C. section 501(c)(3) or (6). In addition, the executive head of the community development association shall certify under oath to the assessor that: (A) The organization has no private stock and does not distribute profit to its owners or members;(B) The organization utilizes the real property subject to this paragraph to attract new businesses to the community for the purpose of creating new jobs, capital investment and economic development;(C) Each of the organization's officers, directors and employees has agreed in writing that proprietary information, confidential information and any other information which has not been publicly released shall not be used in any way for business, personal or family gain; and(D) The lease, sale or other transfer of the real property subject to this paragraph is open to potential prospects of the community development organization which will further the purposes specified in subparagraph (B) of this paragraph and is not limited to the members of the organization.(xxxix) Property owned and used by any fraternal organization officially recognized by the University of Wyoming or any Wyoming community college to the extent it is not used for private profit nor primarily for commercial purposes by the organization;(xl) Property owned and used by any senior citizens center to the extent it is not used for private profit nor primarily for commercial purposes by the center;(xli) Property owned and used by a charitable society or association, if the property is not for investment purposes but rather the property is used directly for the operation of the charity and which is directly beneficial to the people of this state;(xlii) If a person owns two thousand four hundred dollars ($2,400.00) or less in fair market value of business property in one (1) county, the business property shall be exempt as de minimis business property. As used in this paragraph, "business property" means taxable personal property excluding any property that is exempt under W.S. 39-11-105(a)(xi) as personal property held for personal or family use.(xliii)[Effective from 1/1/2025 until 7/1/2027]
A portion of a single family residential structure. The following shall apply to the exemption under this paragraph: (A) Subject to subparagraph (B) of this paragraph, the amount of the exemption under this paragraph shall be any assessed value of the single family residential structure that is in excess of the prior year assessed value less any exemption authorized under this paragraph in the prior year, plus four percent (4%);(B) The exemption under this paragraph is not applicable and the property shall be valued at full value if: (I) The increase in value is attributable to structural changes to the single family residential structure including new construction or additions to an existing structure; or(II) The owner acquired the property during the prior calendar year. The following shall not be deemed to be an acquisition of property under this subdivision: (1) A transfer of property between spouses;(2) A transfer of property pursuant to a court order including to effectuate a settlement agreement or in compliance with a decree of divorce or judicial separation;(3) A transfer of property to a trust established for the benefit of the prior owner;(4) A transfer of property to a corporation, partnership or limited liability company if the prior owner of the property is a shareholder or owner of the corporation, partnership or limited liability company;(5) Any other transfer of property that the department determines by rule should not be an acquisition of property due to the relationship of the parties.(C) The department shall adopt rules necessary to administer the exemption under this paragraph;(D) As used in this paragraph, "single family residential structure" means a structure intended for human habitation including a house, modular home, mobile home, townhouse or condominium that is a privately owned single family dwelling unit.(xliv)[Effective from 1/1/2025 until 7/1/2027]
A portion of improved land associated with a single family residential structure. The following shall apply to the exemption under this paragraph:(A) Subject to subparagraph (B) of this paragraph, the amount of the exemption under this paragraph shall be any assessed value of improved land associated with a residential structure that is in excess of the prior year assessed value less any exemption authorized under this paragraph in the prior year, plus four percent (4%);(B) The exemption under this paragraph is not applicable and the property shall be valued at full value if the owner acquired the property during the prior calendar year. The following shall not be deemed to be an acquisition of property under this subparagraph: (I) A transfer of property between spouses;(II) A transfer of property pursuant to a court order including to effectuate a settlement agreement or in compliance with a decree of divorce or judicial separation;(III) A transfer of property to a trust established for the benefit of the prior owner;(IV) A transfer of property to a corporation, partnership or limited liability company if the prior owner of the property is a shareholder or owner of the corporation, partnership or limited liability company;(V) Any other transfer of property that the department determines by rule should not be an acquisition of property due to the relationship of the parties.(C) The department shall adopt rules necessary to administer the exemption under this paragraph;(D) As used in this paragraph, "improved land associated with a single family residential structure" means land that is improved by a structure intended for human habitation including a house, modular home, mobile home, townhouse or condominium that is a privately owned single family dwelling unit.(b) The following shall be exempt from property taxation:(i) Goodwill if established and separately identified on a company's books and records, or affirmed by generally accepted accounting, or appraisal, principles;(ii) Any of the following intangible items: (A) Workforce in place including its composition and terms and condition, contractual or otherwise, of its employment;(B) Business books and records, operating systems or any other information base including lists or other information with respect to current or prospective customers;(C) Any patent, copyright, formula, process, design, pattern, know-how, format, proprietary computer software or other similar items;(D) Any customer-based intangible. As used in this subparagraph, "customer-based intangible" means composition of market, market share and any other value resulting from future provision of goods or services pursuant to relationships, contractual or otherwise, in the ordinary course of business with customers. In the case of a financial institution, "customer-based intangible" includes deposit base and similar items;(E) Any supplier-based intangible. As used in this subparagraph, "supplier-based intangible" means any value resulting from future acquisitions of goods or services pursuant to relationships, contractual or otherwise, in the ordinary course of business with suppliers of goods or services to be used or sold by the taxpayer.(iii) Any license, permit or other right granted by a person, or by a governmental unit or an agency or instrumentality thereof;(iv) Any covenant not to compete, or other arrangement to the extent such arrangement has substantially the same effect as a covenant not to compete, entered into in connection with an acquisition directly or indirectly of an interest in a trade or business or substantial portion thereof;(v) Any franchise, trademark or trade name;(vi) Any of the following intangible items:(A) Money and cash on hand including currency, gold, silver and other coin, specie and specie legal tender as provided in W.S. 9-4-1304, bank drafts, certified checks, cashier's checks and virtual currencies. As used in this subparagraph, "virtual currency" means any type of digital representation of value that: (I) Is used as a medium of exchange, unit of account or store of value; and(II) Is not recognized as legal tender by the United States government.(C) Accounts receivable and other credits;(D) Bonds, promissory notes, debentures and other evidences of debt;(E) Shares of stock or other written evidence of ownership;(F) Judgments for the payment of money;(G) Annuities and annuity contracts.Amended by Laws 2024, ch. 107,§ 12, eff. 3/21/2024, app. [see editor's note].Amended by Laws 2024, ch. 106,§ 1, eff. 1/1/2025, exp. 7/1/2027.Amended by Laws 2021 , ch. 158, § 1, eff. 1/1/2022.Amended by Laws 2018 , ch. 87, § 2, eff. 7/1/2018.Amended by Laws 2018 , ch. 45, § 1, eff. 3/10/2018.Amended by Laws 2015 , ch. 126, § 1, eff. 1/1/2016.Amended by Laws 2014 , ch. 78, § 1, eff. 1/1/2015.Amended by Laws 2011 , ch. 44, § 1, eff. 7/1/2011. Laws 2024, ch. 107,§ 2, provides: "The exemption provided by W.S. 39-11-105(a)(xliii) as created in section 1 of this act shall first apply to the tax year beginning January 1, 2024. The exemption provided by W.S. 39-11-105(a)(xliv) as created in section 1 of this act shall first apply to the tax year beginning January 1, 2025.This section is set out more than once due to postponed, multiple, or conflicting amendments.