A little distraction. Thoughts on Prop 1

[ZapPoke]

Yes or no? I moved home to Wyoming in 2021. My property taxes in Texas were outrageous, close to $10,00/year on a house assessed at $360,000. I was looking forward to the lower taxes in Wyoming but they really shot up 2021 to 2024 with a nice reduction when they implemented the 25% cut. I have read that the reduced taxes from Prop 1 will only really reduce taxes collected by 1.8% because it only applies to owner occupied homes. All the other stuff won’t get reduced.

 

[laxwyo]

Yes or no? I moved home to Wyoming in 2021. My property taxes in Texas were outrageous, close to $10,00/year on a house assessed at $360,000. I was looking forward to the lower taxes in Wyoming but they really shot up 2021 to 2024 with a nice reduction when they implemented the 25% cut. I have read that the reduced taxes from Prop 1 will only really reduce taxes collected by 1.8% because it only applies to owner occupied homes. All the other stuff won’t get reduced.

The amount of ads I’m seeing against it has me thinking I should vote for it .

 

[Bryoming]

Wyoming still has the 10th lowest property tax burden in the country, even without Prop 1. All but 2 states that have lower property taxes have an income tax. The other 2 are Nevada, where gambling is by far the biggest revenue generator, and Tennessee, which has the 2nd highest sales and gas taxes in the country.

All Prop 1 is going to do is make it harder for services to operate. Things like schools, police, fire departments, road work, weed & pest, etc...

And before you come at me with something along the lines of, "But the state has a huge rainy day fund!", that's the state. Property taxes are collected by the counties. Can anyone tell me what other sources of income the counties have?