Wyoming

Wyoming is a "tax free" state. The tax free means there is no state personal income tax. It is one of the states with less state and local tax burden as per the data published by the Tax Foundation.

Income Taxes

There is no state personal income tax in state of Wyoming.

Wyoming Tax Credits

Homeowner's Tax Credit:
Wyoming's homeowner's tax credit provides property tax relief for homeowners on their principal residence. It is subjected funding by the legislature and it start to decrease for as homes value more than $41,052 and phase out for owners of homes worth over $61,579.

Sales/Use Taxes

State Sales Tax : 4% The prescription drugs and food for home consumption are exempt from sales tax. But counties have the option of adding up to 2% in additional taxes. There is a county lodging tax that varies from 2% to 4% and is added to the other sales taxes.
Gasoline Tax : 14 cents/gallon
Diesel Fuel Tax : 14 cents/gallon
Gasohol Tax : 14 cents/gallon
Cigarette Tax : 60 cents/pack of 20
Use Tax : If make purchase from outside (internet/catelog purchases you need to file Use Tax Return

Property Taxes

In the state of Wyoming Property Tax rates are set by the various local governmental entities include counties; school districts; cities and towns; and special taxing districts, such as water and sewer districts and cemetery districts. Once the taxing entities have fixed tax rates, you will be notified and the notice will indicate the amount you need to pay each taxing entity.
Wyoming is a "fractional assessment" state and normally only 9.5% of market value is subject to tax. Consequently, a home worth $100,000 on the market is only taxed on $9,500 in assessed value.
Citizens are legally protected from counties and municipalities increasing property tax rates. The state law limits the property tax rate for all governmental purposes. All Wyoming citizens benefit from property tax exemptions.
Personal property held for personal use is tax exempt. Inventory, pollution control equipment, cash, accounts receivable, stocks, and bonds are also exempt.
A qualified veterans and their surviving spouses may get up to $2,000 exemption from assessed value of property, but the limited to The Wyoming Department of Health provides annual tax refunds to elderly or disabled residents. Single persons receive $4,500, married persons receive $600. Amounts are reduced if income limits are exceeded. Call 307-777-5235 for details.

Estate Tax

There is no inheritance and the estate tax is limited and related to federal estate tax collection.
For more information, visit the Wyoming Department of Revenue site or call 307-777-5283.

Tax Forms

Use Tax Return : Use this form for filing Use Tax Return for the unpaid sales taxes for the purchase from outside state.
For more forms, visit the Wyoming Department of Revenue site or call 307-777-5283.