State taxes: Wyoming

Wyoming is 1 of only 9 states that do not tax individual wage income. It does collect a state sales tax, and counties have the option of adding an additional 1% to the state levy. More on Wyoming taxes can be found in the tabbed pages below.

Personal income tax

The state of Wyoming does not levy a personal or corporate income tax.

Nor does the state assess any tax on retirement income earned and received from another state.

Sales taxes

Wyoming has a state sales tax of 4%.

The Department of Revenue also administers 49 sales and use tax exemptions.

Counties may impose additional general purpose, specific purpose and economic development taxes with voter approval. 1% of the collected option taxes are deposited into the general fund for administrative purposes, and the remainder is allocated to the local governments based on population within the county.

Cities, towns or counties also may impose a tax of up to 4% upon lodging services to be used by the jurisdiction to promote tourism. This lodging tax is in addition to any applicable sales tax.

The state also collects a use tax of 4% on items purchased elsewhere and brought into Wyoming. Taxpayers should file Form 44, Consumers and Non-Licensed Vendors, to report and pay use tax on out-of-state purchases.

Personal and real property taxes

In Wyoming, all property is taxable unless it is specifically exempt. All property tax is based on the assessed value of the property. Wyoming’s Department of Revenue’s ad valorem tax division supports, trains and guides local government agencies in the uniform assessment, valuation and taxation of locally assessed property.

Wyoming’s property tax rate is 11.5% for industrial property and 9.5% for commercial, residential and all other property.

The residence and any additional structures and land are valued. Property taxes are not charged on home furnishings or furniture except where they are part of a furnished rental property.

“Assessed value” means taxable value. Wyoming is a “fractional assessment” state. This means property tax applies to only a fraction of the full market value of property. This fraction is the property’s assessed value. For most property, only 9.5% of market value is subject to tax. Consequently, a home worth $100,000 on the market is only taxed on $9,500 in assessed value. The real effect of fractional assessments is to exempt $90,500 of the home’s value from taxation.

All taxable property is appraised at its fair market value as of Jan. 1 of each year. The taxpayer deadline for filing a statement of personal property is March 1, unless a written request for extension is received no later than Feb. 15.

Personal property held for personal or family use (excluding mobile homes) is tax-exempt. Inventory if held for resale, pollution-control equipment, cash, accounts receivable, stocks and bonds are also exempt. Other exemptions include property used for religious, educational, charitable, fraternal, benevolent and government purposes, and improvements for handicapped access.

Minerals are exempt from property tax, but incur a gross products tax and a severance tax when produced. Underground mining equipment is tax-exempt.

Wyoming also offers an array of partial exemptions and property tax relief programs for certain taxpayers, veterans, homeowners, elderly and disabled taxpayers, and lower-income citizens.

Contact your county assessor for more information on property tax relief programs.

Inheritance and estate taxes

Because of the phaseout of the federal estate tax credit, Wyoming’s estate tax is not imposed on estates of people who died in 2005 and thereafter.

There is no inheritance tax in Wyoming.

Other Wyoming tax facts

Wyoming does not impose a tax on intangible assets such as bank accounts, stocks or bonds.

Nor does Wyoming assess any tax on retirement income earned and received from another state.

The Wyoming Internet Filing System allows business owners to register for licenses and file taxes (e.g., sales and use taxes, contractor registration and reporting, cigarette and other tobacco taxes) with the state’s excise tax division.

For more information, check the Wyoming Department of Revenue home page.

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