Wyoming (Summary)
Last Updated: March 2020
Tax Type: Current use
Description: Value of the agricultural land is based on the current use of the land, and the capability of the land to produce agricultural products under normal conditions. Wyoming is a fractional assessment state. The taxable value is based on a portion of the full value. The fractional amount is 9.5% for agricultural property.
Law: Wyo. Stat. Ann. §§ 39-13-101
Objective: Many states have laws regarding the preferential assessment of agricultural land. In Wyoming, agricultural land is taxed based on the land's productive capability
Principal Forest Property Tax Incentive Program:
Program legal-common name: Managed Timberland Program
Program Requirements
Min/Max Acreage: N/A
Min. Stocking Growth: N/A
Forest Management Plan: N/A
Duration of Enrollment: N/A
Evidence of Use: N/A
Penalties for Use Change: N/A
Program Administration
State: Wyoming Department of Revenue determine the taxable value of agricultural land and prescribe the form of the sworn statement to be used by the property owner to declare that the property meets the requirements.
County Tax Assessor and Commissioner: County Tax Assessor determines if a property is qualified for agricultural land valuation.
University: N/A
Landowners: Applies with the county assessor
For a more in depth discussion of Wyoming property taxes click here!