Income Tax
Wyoming is one of only a handful of states with no individual or corporate income tax at all.
| Indicator | Wyoming | U.S. |
|---|---|---|
| Top individual income tax rate (%) | 0 | 4.5 |
- •Wyoming has never levied a personal or corporate income tax.
- •Severance taxes on minerals and federal mineral royalties help offset the lack of income tax revenue.
- •Wyoming's no-income-tax policy draws retirees and businesses seeking tax advantages.
Property Tax
Wyoming's effective property tax rate of 0.55% is one of the lowest in the nation.
State-level property tax collections
1990–2025Census State Government Tax Collections; excludes local property taxes (FRED WYPROPTAX).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Effective property tax rate (%) | 0.55 | 1.02 |
- •Wyoming's effective property tax rate is roughly half the national average.
- •Mineral extraction revenue helps keep property tax burdens low for residents.
- •Teton County has some of the highest home values but still benefits from the state's low tax rate.
Sales Tax
Wyoming keeps its statewide sales tax low, at 4%, with a modest average combined rate once local taxes are included.
General sales tax collections
1990–2025Census State Government Tax Collections (FRED WYSALESTAX).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Average combined sales tax rate (%) | 5.44 | 7.12 |
- •Wyoming's 4% state sales tax is among the lowest base rates in the country.
- •Local option taxes can push combined rates up slightly county by county.
- •Groceries are generally exempt from Wyoming sales tax.
Tax Burden
Wyoming residents face one of the lowest overall state and local tax burdens in the United States, at about 7.5% of income.
State tax collections per resident
1990–2025Census tax collections (WYTOTLTAX) divided by Census resident population (WYPOP).
| Indicator | Wyoming | U.S. |
|---|---|---|
| State & local tax burden (% of income) | 7.5 | 11.2 |
- •Wyoming has no income tax and low sales and property taxes, keeping its overall burden low.
- •Mineral severance taxes and federal royalties substitute for broad-based taxes on residents.
- •Wyoming consistently ranks among the two or three lowest-tax states in the country.
Tax Revenue
Wyoming's state revenue relies heavily on severance taxes and federal mineral royalties rather than income or broad sales taxes.
State tax collections
1990–2025Census Annual Survey of State Government Tax Collections, fiscal years (FRED WYTOTLTAX).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Mineral-related share of state revenue (%) | 50 | 5 |
- •Coal, natural gas, oil, and trona severance taxes fund roughly half of Wyoming's state revenue.
- •Federal mineral royalties are a major, and volatile, revenue source tied to commodity prices.
- •Wyoming's Permanent Mineral Trust Fund saves a portion of mineral revenue for future generations.