Wyoming Income Tax Calculator

Wyoming state tax quick facts Income tax: none Sales tax: 4% - 6% Property tax: 0.61% average effective rate Gas tax: 24 cents per gallon of regular gasoline and diesel

If you’re looking to lower your annual tax bill, the state of Wyoming would be a good choice for relocation. For starters, there’s no state income tax in the Cowboy State. But that’s not all that Wyoming has going for it. The state’s average effective property tax rate is just 0.61%, eighth lowest in the U.S. Likewise, the state’s average sales tax rate (incorporating state and local rates) is only 5.46%, ninth lowest nationally. Even Wyoming’s gas tax is lower than average at 24 cents per gallon (the national average for state gas taxes is about 34 cents per gallon).

Even Wyoming’s gas tax is lower than average at 24 cents per gallon (the national average for state gas taxes is 29.9 cents per gallon). If you are planning on relocating to Wyoming and will be purchasing a home with a mortgage, check out our Wyoming mortgage guide for details on rates and getting a mortgage in the Cowboy State.

Wyoming Income Tax

Whether you’re a doctor, a rancher, a teacher or a carpenter, in Wyoming you won’t pay any state income tax. That’s right: Wyoming doesn’t tax personal income of any kind. This includes capital gains and income from interest. If you live in Wyoming, once you finish your federal tax return, you’re done with your taxes.

Wyoming Sales Tax

The state sales tax in Wyoming is 4%, the second lowest rate of any state with a sales tax. On top of that rate, counties in Wyoming collect local sales taxes of up to 2%. The table below shows the total state and county sales tax rates for every county in Wyoming.

Wyoming does not tax sales of prescription drugs, medical equipment or food that is typically consumed at home. Prepared food (that you would eat in a restaurant, for example) is taxable. Over-the-counter medicine is taxable as well.

In addition to those general sales tax rates, local county and city governments can levy lodging taxes which apply to hotels and motels. These taxes can be as high as 4%, bringing the total maximum tax on lodging to 10%.

Teton Village, in Jackson Hole, is authorized to collect an additional sales tax as a “resort district.” The total tax on retail sales in Teton Village is 8%.

Wyoming Property Tax

On average, homeowners in Wyoming pay about $1,256 per year in property taxes. The state’s average effective property tax rate (annual taxes as a percentage of home value) is just 0.61%, eighth lowest nationally. Property taxes in Wyoming are collected by county tax district; the revenue is used to fund local schools, hospitals, transportation authorities and other public programs.

If you are planning on relocating to Wyoming and will be purchasing a home with a mortgage, check out our Wyoming mortgage guide for details on rates and getting a mortgage in the Cowboy State.

Wyoming Gas Tax

The state gas tax in Wyoming is 24 cents per gallon. That’s the 18th lowest tax in the country. When combined with the federal gas tax, total taxes in Wyoming are 42.4 cents per gallon. The tax on diesel fuel is also 24 cents per gallon, which comes to 48.4 cents per gallon in combination with the federal tax.

Wyoming Cigarette Tax

Cigarettes in Wyoming are taxed at a rate of 3 cents per cigarette or 60 cents per pack of 20. Cigarette vendors must purchase tax stamps and affix them to cigarette packages to demonstrate that the tax has been paid. Other tobacco products face an excise tax equal to 20% of the price, which is paid by the wholesaler.

Wyoming Alcohol Tax

Wyoming is a “control state” which means that it maintains a monopoly over the wholesale market for liquor and wine. Most control states replace traditional excise taxes with markups and fees, but in Wyoming markups and fees amount to less than 1 cent per gallon. According to the Tax Foundation, if Wyoming had an excise tax instead of its current system, it would be lowest excise tax in the country.

Wyoming does have an excise tax on beer, but it is extremely low. At just 2 cents per gallon, it is the lowest beer tax in the country.

Wyoming Estate Tax

There is no estate, inheritance or gift tax in Wyoming. While the federal estate tax may still apply to Wyoming estates, they will not be taxed by the state.

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With a population of just 584,000, Wyoming is the least populous of any state. Elected as Governor of Wyoming in 1925, Nellie Tayloe Ross was the first female governor of a U.S. State. The tallest building in Wyoming is the 200-foot White Hall, a campus housing building located on the campus of the University of Wyoming in Laramie.