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Currently, commercial and residential property are taxed at a 9.5% rate. A stipulation in the amendment notes that the residential tax rate shall not be greater than four percentage points lower ...
The Tax Foundation found that Wyoming is the most taxpayer-friendly state, ... Montana has a relatively low tax burden with a property tax rate of 0.69%, no estate tax, and a 33.75 cent gas tax. ...
Government property: Properties owned by federal, state or local governments are typically exempt from property taxes. Property tax rates by state. ... Wyoming. 0.53%. $551,530. $2,930.
Median household income and taxes State Tax Burdens 2022 % of income. State tax levels indicate both the tax burden and the services a state can afford to provide residents. States use a different combination of sales, income, excise taxes, and user fees. Some are levied directly from residents and others are levied indirectly.
Wyoming state and local governments in fiscal year 2007 collected $2.242 billion in taxes, levies, and royalties from the oil and gas industry. The state's mineral industry, including oil, gas, trona, and coal, provided $1.3 billion in property taxes from 2006 mineral production. [83]
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year. [53] Exemptions can be quite substantial.
Wyoming's Amendment A puts property tax relief in the hands of voters on Election Day.
The Department of Revenue is a department of the Wyoming state government responsible for the collection of mineral and excise taxes as well as valuing property and the wholesale distribution of alcoholic beverages and enforcement of liquor laws. Personal or corporate income taxes are not levied.
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