News – Sheridan Media
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Wyoming Proposition 1, or Ballot Initiative 1, is a citizen led initiative that will exempt 50% of a primary residence’s assessed value from property taxation.
Wyoming Realtors Media Release:
Wyoming REALTORS® (or the Wyoming Association of Realtors) fiercely supports meaningful property tax relief and impactful tax policy that helps homeowners stay in their homes.
We recognize that rising property tax bills can strain household budgets, particularly for homeowners living on fixed incomes.
We also know that a home’s value extends beyond its property lines.
When hard-working people choose a home, they are choosing a community—its schools, public safety, reliable local services, and quality of life.
That includes everyday needs such as snow removal, police and fire protection, and weed and pest control.
Those services matter to the people who already call Wyoming home and to those considering a future here in our great state.
Our opposition to Proposition 1 reflects concern about how reduced property tax revenue will
adversely affect the Wyoming communities our members serve and the next generation.
Without a plan for replacement funding, revenue reductions will leave local governments and service providers facing difficult budget decisions.
The challenges and available options will differ from one community to another.
“After careful discussion, we could not support Proposition 1. While it would provide property tax relief, we are concerned about what the loss of revenue could mean for critical local services,” said Angela Wilson, President of Wyoming REALTORS®.
Wyoming REALTORS® believes long-term tax policy should provide meaningful relief for
homeowners while sustaining dependable services in the communities we call home.
Wyoming Taxpayers Association Media Release:
The Wyoming Taxpayers Association’s (WTA) mission is to promote sound tax policy for a healthy Wyoming economy.
We oppose Ballot Initiative 1, Homeowner’s Primary Residence Property Tax Exemption Measure, also known as Prop 1.
We know property owners want meaningful, long-term solutions for property taxes; Prop 1 is NOT a solution.
“We are launching Reform Don’t Break, an educational campaign to help voters understand the current property tax environment and why we oppose Wyoming Initiative 1,” shared Hank Hoversland, WTA Executive Director.
The Reform Don’t Break website is live, and you can see how much homeowners are currently saving on their property taxes.
“We understand many Wyoming homeowners have faced dramatically rising property tax burdens even though nothing about their property has changed. The Wyoming Legislature took significant action in 2024 and 2025 to provide much-needed assistance to homeowners. In 2025, this amounted to nearly $216 million of property tax exemptions and refunds through several programs. These programs have resulted in an average savings of $1,282.65 (Homeowner Exemption & Refund Program combined) for Wyoming homeowners.”
Two recently enacted property tax exemption program applications opened on Thursday, October 1st.
The Long-Term Homeowner’s Exemption and Homeowner’s Exemption.
Visit the Wyoming Department of Revenue’s website (Click here) to start your application.
Prop 1 aims to further exempt 50% of residential structures from property taxation.
No evidence has been presented that any increased economic activity from tax savings will generate enough revenue to offset the losses of property tax revenue for local governments.
Every Wyoming citizen is likely to experience even further reductions in services, including law enforcement, libraries, hospitals, infrastructure, and roads and bridges.
At a time when workforce and economic development continue to be challenges Wyoming faces, cutting into the revenue source that allows workers to be educated and communities to be vibrant to attract this workforce does not align with the mission of the Wyoming Taxpayers Association to foster a healthy Wyoming economy.
“We invite Wyomingites to visit our website and learn more about their current property tax deductions, and the harmful impacts Prop 1 poses to every community.”
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Last modified: October 5, 2026