Wyoming state tax: Overview
Wyoming is one of nine states that doesn't have a state income tax.
According to the Tax Foundation, Wyoming's average combined state and local sales tax rate is fairly low. The statewide median property tax rate is fairly low when compared to other states.
[Data for this state tax guide was gathered from a number of sources including the Census Bureau, the state’s government website, the Sales Tax Handbook, and the Tax Foundation. Property taxes are cited as a rate percentage rather than the assessed value.]
Sign up for Kiplinger’s Free E-Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Wyoming income tax
Wyoming has no state income tax.
Wyoming sales tax
Wyoming's state sales tax is 4.0%. The average local sales tax is 1.36%. So, that is a combined rate of 5.36%, according to the Tax Foundation.
- Groceries: Exempt
- Clothing: Taxable
- Motor Vehicles: Taxable
- Prescription Drugs: Exempt
How much is property tax in Wyoming?
In Wyoming, the median property tax rate is 0.56% of assessed home value, according to the Tax Foundation.
Wyoming Property Tax Breaks for Retirees
Wyoming's property tax deferral program allows for the delayed payment of up to 50% of property taxes owed on a principal residence on a parcel of less than 40 acres of land.
To be eligible, the homeowner must have limited income, be over 62 years old (or disabled), and have purchased the property at least 10 years before applying for the tax deferral. The program is administered at the county level.
Wyoming gas tax
| Product | Tax Amount |
|---|---|
| Gasoline | $0.23 per gallon |
| Diesel | $0.23 per gallon |
Source: Sales Tax Handbook
Wyoming taxes on tobacco and alcohol
Wyoming tobacco taxes
| Product | Tax Amount |
|---|---|
| Cigarettes | $0.60 per pack |
| Snuff | $0.60 per pack |
| Other Tobacco Products | 20% of the wholesale price |
| Vapor Products | 20% of the wholesale price |
Source: Sales Tax Handbook
Wyoming alcohol taxes
| Product | Tax Amount |
|---|---|
| Beer | $0.02 per gallon |
| Wine | $0.00 per gallon |
| Liquor | state-controlled |
Source: Sales Tax Handbook
Wyoming estate and inheritance taxes
Wyoming has no estate or inheritance tax.
Related Content
-
5 Stocks to Buy for a Harris PresidencyThe race for the White House is heating up and these five stocks are set to benefit if Kamala Harris claims victory.
-
Four Key Elements of a Good Estate PlanAn estate plan can be complex or simple, depending on your estate and your wishes, but every estate plan should accomplish these basic goals.
-
Incorrect ERC? IRS Points to Five New Red FlagsTax Credits These signs could mean there’s an error in your Employee Retention Credit claim.
-
Five December 31 Tax Deadlines for RetireesThe end of the year will be here before you know it, so it might be a good idea to start thinking soon about what you need to do for taxes before it arrives.
-
Will North Dakota Property Tax Be Eliminated?Property Tax A new property tax proposal will be a key ballot item for the Peace Garden State.
-
IRS Has No Set Plan to Replace Old TechIRS What could old IRS technology mean for your federal tax return and cybersecurity?
-
Who Won the $800 Million Mega Millions?Lottery Tax What state was the winning ticket sold? The winner will get a huge payout (less some tax).
-
IRS Back Taxes Scam Call Steals MillionsScams IRS fakes are cheating thousands of people out of “overdue tax debt.” Are you next?
-
Unrealized Gains Tax: One Important Thing to Know NowCapital Gains Unrealized capital gains have taken center stage in election discussions about tax fairness and economic policy.
-
IRS: How to Get a 401(k) Match for Your Student Loan PaymentSavings Those with 401(k), 403(b), and other savings plans might get relief through their employer-provided retirement account.
