Sales Tax
Statewide: 4.0%
Counties can levy an additional sales tax of no more than 4%
Current average sales tax (with local taxes included): 5.52%
Common Exceptions at State Level:
Prescription Medicine: Exempt
Unprepared Food: Exempt
Gasoline Tax: 42.40 cents/gallon (Includes all state, local, and federal taxes)
Diesel Fuel Tax: 48.40 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
Wyoming has no personal income tax.
Property Tax
Local municipalities average .58% of the property's assessed value.
Calculation of assessed value: 9.5% of fair market value, reappraised annually.
Relief programs for:
Over 62/Disabled: Deferral of up to 50% available for homes purchased 10 years prior to applying for deferral.
Veterans/Surviving Spouses: Up to $6,000 of assessed value exempt. Must have lived in Wyoming three years.
Low-Income: Up to 75% of tax value exempt or reduce property tax bill 50%, whichever is less, if meet requirements.
Personal Property Tax: No.
Inheritance & Estate Taxes: None
Department of Revenue Website: http://revenue.wyo.gov
