Could you qualify for property tax relief ?

The State of Wyoming Department of Revenue has announced that the Property Tax Refund Program has received the necessary funding to administer this program for 2021’s property taxes.

Eligible persons may apply for a refund of property taxes that were paid on time for the preceding calendar year. Taxes paid are required to be upon the applicant’s principal residence.

Qualifying taxpayers may reduce their property tax liability if the applicant has been a resident of this state for not less than five years, their household income is equal to or less than the greater of three fourths of the median household income of $73,658 for Teton County as determined annually by the Economic Analysis Division of the Wyoming Department of Administration and Information.

There are some limitations, which include: total personal assets cannot exceed $133,651 per adult household member. In other words, if you own other real estate, bank accounts and investments, they cannot value more than $133,651 per adult household member.

Filing deadline for the refund program is June 6.

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