Overview of Wyoming Taxes
Wyoming has no state income tax. It has the lowest state sales tax rate of any state with a sales tax. Counties can charge an additional rate. Wyoming’s average effective property tax rate is also the ninth lowest in the country. Retired? Use our Retirement Income Tax Calculator.
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Your Income Taxes Breakdown
| Tax Type | Marginal Tax Rate | Effective Tax Rate | 2017 Taxes | 2018 Trump Taxes* |
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* These will be the taxes owed for the 2018 - 2019 filing season.
Under the Trump Tax Plan (2018-2019 filing season), your Federal Income Tax will be and your FICA will be .
Changes to Your Federal Income
Taxes Under the Trump Tax Plan
- Your marginal federal income tax rate will
- Your effective federal income tax rate will
- Your federal income taxes will
Total Estimated Tax BurdenIncome Tax $ Sales Tax $ Fuel Tax $ Property Tax$ Total Estimated Tax Burden $ Percent of income to taxes = % | $ |
- Our Tax Expert
Jennifer Mansfield, CPA Tax
Jennifer Mansfield, CPA, JD/LLM-Tax, is a Certified Public Accountant with more than 30 years of experience providing tax advice. SmartAsset’s tax expert has a degree in Accounting and Business/Management from the University of Wyoming, as well as both a Masters in Tax Laws and a Juris Doctorate from Georgetown University Law Center. Jennifer has mostly worked in public accounting firms, including Ernst & Young and Deloitte. She is passionate about helping provide people and businesses with valuable accounting and tax advice to allow them to prosper financially. Jennifer lives in Arizona and was recently named to the Greater Tucson Leadership Program.
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 | Wyoming state tax quick facts
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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 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 5.4%, seventh-lowest nationally.
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 for capital gains and income from interest.
If you need help with your federal tax return, consider hiring a tax professional or tax preparation software like TaxAct and H&R Block , which can be very useful.
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 $1,200 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 and revenue is used to fund local schools, hospitals, transportation authorities and other public programs.
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 42.40 cents per gallon. The tax on diesel fuel is also 24 cents per gallon and 48.40 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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Places with the Lowest Tax Burden
Are you curious how your tax burden stacks up against others in your state? SmartAsset’s interactive map highlights the counties with the lowest tax burden. Scroll over any county in the state to learn about taxes in that specific area.
Methodology
Where you live can have a big impact on both which types of taxes you have to pay each year and how much money you spend on them. SmartAsset calculated the amount of money a specific person would pay in income, sales, property and fuel taxes in each county in the country and ranked the lowest to highest tax burden.
To better compare income tax burdens across counties, we used the national median household income. We then applied relevant deductions and exemptions before calculating federal, state and local income taxes.
In order to determine sales tax burden we estimated that 35% of take-home (after-tax) pay is spent on taxable goods. We multiplied the average sales tax rate for a county by the household income less income tax. This product is then multiplied by 35% to estimate the sales tax paid.
For property taxes, we compared the median property taxes paid in each county.
For fuel taxes, we first distributed statewide vehicle miles traveled down to the county level using the number of vehicles in each county. We then calculated the total number of licensed drivers within each county. The countywide miles were then distributed amongst the licensed drivers in the county, which gave us the miles driven per licensed driver. Using the nationwide average fuel economy, we calculated the average gallons of gas used per driver in each county and multiplied that by the fuel tax.
We then added the dollar amount for income, sales, property and fuel taxes to rank the counties to calculate a total tax burden.
Sources: US Census Bureau 2016 American Community Survey, Government Sources, Avalara, American Petroleum Institute, GasBuddy, UMTRI, Federal Highway Administration, SmartAsset
