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This can bring the combined sales tax rate to a maximum of five percent.  ",[909],{"type":129,"attrs":910},{"color":12},{"type":18,"content":912},[913],{"text":914,"type":22,"marks":915},"Certain items are exempt from sales tax, this includes: ",[916],{"type":129,"attrs":917},{"color":12},{"type":919,"content":920},"bullet_list",[921,931,940,949],{"type":922,"content":923},"list_item",[924],{"type":18,"content":925},[926],{"text":927,"type":22,"marks":928},"Groceries ",[929],{"type":129,"attrs":930},{"color":12},{"type":922,"content":932},[933],{"type":18,"content":934},[935],{"text":936,"type":22,"marks":937},"Prescription drugs ",[938],{"type":129,"attrs":939},{"color":12},{"type":922,"content":941},[942],{"type":18,"content":943},[944],{"text":945,"type":22,"marks":946},"Most medical supplies ",[947],{"type":129,"attrs":948},{"color":12},{"type":922,"content":950},[951],{"type":18,"content":952},[953],{"text":954,"type":22,"marks":955},"Some other services ",[956],{"type":129,"attrs":957},{"color":12},{"type":18,"content":959},[960],{"text":961,"type":22,"marks":962},"Wyoming does not currently have an annual sales tax holiday.  ",[963],{"type":129,"attrs":964},{"color":12},{"type":764,"attrs":966,"content":967},{"level":766},[968,974],{"text":969,"type":22,"marks":970},"Wyoming Property Tax",[971,972],{"type":38},{"type":129,"attrs":973},{"color":12},{"text":775,"type":22,"marks":975},[976],{"type":129,"attrs":977},{"color":12},{"type":18,"content":979},[980,985],{"text":981,"type":22,"marks":982},"Wyoming is home to some of the lowest property tax rates in the country. ",[983],{"type":129,"attrs":984},{"color":12},{"text":775,"type":22,"marks":986},[987],{"type":129,"attrs":988},{"color":131},{"type":18,"content":990},[991,996],{"text":992,"type":22,"marks":993},"Currently, the assessment ratios for commercial and residential property are 9.5 percent. This means only 9.5 percent of the market value of your home is subject to tax. For example, if your property is worth $100,000, taxes are assessed on $9,500. ",[994],{"type":129,"attrs":995},{"color":12},{"text":775,"type":22,"marks":997},[998],{"type":129,"attrs":999},{"color":131},{"type":18,"content":1001},[1002,1007],{"text":1003,"type":22,"marks":1004},"For industrial property, this stands at 11.5 percent. ",[1005],{"type":129,"attrs":1006},{"color":12},{"text":775,"type":22,"marks":1008},[1009],{"type":129,"attrs":1010},{"color":131},{"_uid":1012,"component":1013,"apply_margin_top":543,"apply_margin_bottom":543},"b291e773-66bf-4d6d-b4af-b41944d87f56","app-match-flow",{"_uid":1015,"data":1016,"component":800},"08ee8ad5-0ca6-4bc8-84b7-6aa813b6843a",{"type":15,"content":1017},[1018,1027,1031,1035,1043,1047,1051,1055,1063,1067,1071,1075,1101,1109],{"type":764,"attrs":1019,"content":1020},{"level":766},[1021,1025],{"text":1022,"type":22,"marks":1023},"Wyoming Motor Tax",[1024],{"type":38},{"text":1026,"type":22}," ",{"type":18,"content":1028},[1029],{"text":1030,"type":22},"Wyoming residents must pay a four percent tax when purchasing a vehicle.  ",{"type":18,"content":1032},[1033],{"text":1034,"type":22},"Vehicle owners should also be aware of fuel taxes in the state. Regular gas is taxed at $0.24 per gallon, and diesel is taxed at $0.24 per gallon.   ",{"type":764,"attrs":1036,"content":1037},{"level":766},[1038,1042],{"text":1039,"type":22,"marks":1040},"Wyoming Estate Tax",[1041],{"type":38},{"text":1026,"type":22},{"type":18,"content":1044},[1045],{"text":1046,"type":22},"Wyoming does not impose inheritance or estate taxes.  ",{"type":18,"content":1048},[1049],{"text":1050,"type":22},"However, it’s important to remember federal estate tax can still apply if your estate is above a certain threshold ($12.92 million in 2023); otherwise, there will be no fees on the estate or inheritance you leave behind.    ",{"type":18,"content":1052},[1053],{"text":1054,"type":22},"Also, if you live in Wyoming but inherit an estate from someone living in a state with estate tax, you must abide by local regulations.    ",{"type":764,"attrs":1056,"content":1057},{"level":766},[1058,1062],{"text":1059,"type":22,"marks":1060},"Wyoming Retirement Tax",[1061],{"type":38},{"text":1026,"type":22},{"type":18,"content":1064},[1065],{"text":1066,"type":22},"As Wyoming has zero state income tax, all your retirement income is tax-exempt. Your beneficiaries also benefit from South Dakota’s tax rules, as the state does not levy estate or inheritance tax.   ",{"type":18,"content":1068},[1069],{"text":1070,"type":22},"The state also has property tax breaks for retirees. According to the Wyoming Department of Revenue, Wyoming's property tax deferral program allows for the delayed payment of up to 50 percent of property taxes owed on a qualifying principal residence.  ",{"type":18,"content":1072},[1073],{"text":1074,"type":22},"To be eligible for the program, you must: ",{"type":919,"content":1076},[1077,1083,1089,1095],{"type":922,"content":1078},[1079],{"type":18,"content":1080},[1081],{"text":1082,"type":22},"Have a limited income ",{"type":922,"content":1084},[1085],{"type":18,"content":1086},[1087],{"text":1088,"type":22},"Be over 62 years of age ",{"type":922,"content":1090},[1091],{"type":18,"content":1092},[1093],{"text":1094,"type":22},"Purchased the property 10 years prior ",{"type":922,"content":1096},[1097],{"type":18,"content":1098},[1099],{"text":1100,"type":22},"Ensure the principal resident is on a parcel of land of less than 40 acres  ",{"type":18,"content":1102},[1103,1107],{"text":1104,"type":22,"marks":1105},"For further tax guidance and to ensure you’re not paying more tax than you need to, it’s wise to speak to an expert. A financial advisor can help you handle all your tax queries and ensure you’re not paying more tax than needed. ",[1106],{"type":38},{"text":1108,"type":22},"      ",{"type":18,"content":1110},[1111],{"text":1112,"type":22,"marks":1113},"Find your financial advisor with Unbiased",[1114,1116,1117],{"type":31,"attrs":1115},{"href":55,"uuid":34,"anchor":34,"target":874,"linktype":36},{"type":38},{"type":878},[1119],{"_uid":1120,"image":1121,"title":1126,"component":1138,"breadcrumbs":543,"hideHeroImage":543},"c402cfb4-a05c-4f02-ad41-28b0df45b4f2",{"id":1122,"alt":12,"name":12,"focus":12,"title":12,"source":12,"filename":1123,"copyright":12,"fieldtype":1124,"meta_data":1125,"is_external_url":543},12234519,"https://a.storyblok.com/f/185166/1854x1162/6c31011b0c/wyoming-tax-guide.webp","asset",{},{"type":15,"content":1127},[1128],{"type":18,"content":1129},[1130,1136],{"text":1131,"type":22,"marks":1132},"Tax in Wyoming",[1133],{"type":25,"attrs":1134},{"class":1135},"primary-gradient",{"text":1137,"type":22},": a complete guide","app-hero",{"name":1140,"created_at":1141,"published_at":1142,"updated_at":1143,"id":1144,"uuid":1145,"content":1146,"slug":1156,"full_slug":1157,"sort_by_date":34,"position":1158,"tag_list":1159,"is_startpage":543,"parent_id":1160,"meta_data":34,"group_id":1161,"first_published_at":1162,"release_id":34,"lang":730,"path":34,"alternates":1163,"default_full_slug":34,"translated_slugs":34,"_stopResolving":558},"Rachel Carey","2023-03-28T10:05:08.718Z","2025-01-28T12:05:49.815Z","2025-01-28T12:05:49.832Z",283076789,"b4ce951f-89c7-4ef6-97a8-709dc6d856e1",{"job":1147,"_uid":1148,"name":1140,"image":1149,"component":1152,"education":1153,"expertise":1154,"description":1155},"Senior Content Writer","a6e3129c-eeee-4438-8204-797883981521",{"id":1150,"alt":12,"name":12,"focus":12,"title":12,"filename":1151,"copyright":12,"fieldtype":1124,"is_external_url":543},7792663,"https://a.storyblok.com/f/185166/1199x1257/2401746255/rachel-carey.jpg","article-author","Griffith College Dublin, MA (Hons) in Journalism & Media Communications","Rachel brings over a decade of experience in media, including SEO content writing, marketing, public relations, and broadcast and print journalism.","Rachel is a Senior Content Writer at Unbiased, producing content across a range of different sectors, including personal finance, retirement, and investing. She specializes in simplifying intricate financial terms into clear, engaging content tailored for both B2C and B2B audiences.","rachel-carey","authors/rachel-carey",-10,[],224651374,"024abff2-15a6-4099-8ba2-25c01abe42e8","2023-04-03T07:50:42.397Z",[],[1165,1186],{"_uid":1166,"body":1167,"title":1184,"component":1185},"78327d13-3976-4654-9cbc-459ba52b5c23",[1168,1172,1176,1180],{"_uid":1169,"href":1170,"text":1171,"component":542,"openInNewWindow":558},"1cff4ece-0a97-4682-8e19-2f90091c99b2","https://www.unbiased.com/top/financial-advisors/wyoming","Top advisors in Wyoming",{"_uid":1173,"href":1174,"text":1175,"component":542,"openInNewWindow":558},"90705592-5e12-461a-afe2-5f630911ca9e","https://www.unbiased.com/discover/budgeting-savings/what-is-the-cost-of-living-in-wyoming","Cost of living in Wyoming",{"_uid":1177,"href":1178,"text":1179,"component":542,"openInNewWindow":558},"1bdb2839-20f6-4f99-9333-4d6f608e9054","https://www.unbiased.com/discover/budgeting-savings/average-salary-in-wyoming","Average salary in Wyoming",{"_uid":1181,"href":1182,"text":1183,"component":542,"openInNewWindow":558},"e5fad2ea-0118-4b20-8784-7c71637567be","https://www.unbiased.com/discover/retirement-investing/retiring-in-wyoming","Retire in Wyoming","Related to this article","app-links-list",{"_uid":1187,"list":1188,"cta_link":1189,"cta_text":1190,"component":1191,"window_label":12,"window_title":1192},"5145f5c7-68a9-4158-9b52-460e93e36894","A financial advisor can help you with all of your tax planning needs","https://v2.unbiased.com/inquiry/financial-advisor/advice-areas","Find a financial advisor ","app-banner",{"type":15,"content":1193},[1194],{"type":18,"content":1195},[1196],{"text":1197,"type":22,"marks":1198},"Need help with your taxes?",[1199],{"type":129,"attrs":1200},{"color":131},{"title":750,"plugin":1202,"og_image":12,"og_title":12,"description":1203,"twitter_image":12,"twitter_title":12,"og_description":12,"twitter_description":12},"seo_metatags","This article will take you through what you need to know, including how much sales tax you’ll pay and how much of your retirement income will be taxed if you plan to live in the state of Wyoming.","app-article",[],[],[],"wyoming-tax-guide","discover/taxes/wyoming-tax-guide",-2770,[],224651381,"7b5751ef-6121-4cec-b184-466e0a85a703","2023-10-27T15:21:15.587Z",[],{"left":727,"top":727,"width":1217,"height":1217,"rotate":727,"vFlip":543,"hFlip":543,"body":1218},24,"\u003Cpath fill=\"currentColor\" d=\"M3.71 16.29a1 1 0 0 0-.33-.21a1 1 0 0 0-.76 0a1 1 0 0 0-.33.21a1 1 0 0 0-.21.33a1 1 0 0 0 .21 1.09a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1 1 0 0 0 .21-1.09a1 1 0 0 0-.21-.33M7 8h14a1 1 0 0 0 0-2H7a1 1 0 0 0 0 2m-3.29 3.29a1 1 0 0 0-1.09-.21a1.2 1.2 0 0 0-.33.21a1 1 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a.94.94 0 0 0 .76 0a1.2 1.2 0 0 0 .33-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1 1 0 0 0-.21-.33M21 11H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2M3.71 6.29a1 1 0 0 0-.33-.21a1 1 0 0 0-1.09.21a1.2 1.2 0 0 0-.21.33a.94.94 0 0 0 0 .76a1.2 1.2 0 0 0 .21.33a1.2 1.2 0 0 0 .33.21a1 1 0 0 0 1.09-.21a1.2 1.2 0 0 0 .21-.33a.94.94 0 0 0 0-.76a1.2 1.2 0 0 0-.21-.33M21 16H7a1 1 0 0 0 0 2h14a1 1 0 0 0 0-2\"/>",[1220,1223,1224],{"title":1221,"exact":558,"href":1222},"Home","https://www.unbiased.com",{"title":453,"exact":558,"to":466,"disabled":543},{"title":750,"exact":558,"to":1225,"disabled":558},"/discover/taxes/wyoming-tax-guide",1777540347559]