Property Tax Deferral Program

Property Tax Deferral Program

Pursuant to W.S. 39-13-107(A), if qualified pursuant to provisions within the statute, any person may apply to the board of county commissioners for deferral of the collection of not to exceed one-half (1/2) of any real estate ad valorem taxes owed by the property owner on a principal residence.  Any deferral of collection of taxes granted by the board of county commissioners shall constitute a perpetual tax lien against the property pursuant to W.S. 39-13-108(d)(i) with priority over any other lien.  

 

INCOME LIMIT:  

250% of the Federal Poverty Level (Monthly) for a household of four (4):  $5,458.00

Teton County Comparative Cost of Living Index:  161 

TOTAL MONTHLY INCOME LIMIT:  $8,787.38

 

QUALIFICATIONS:

  • Must be principal residence
  • Must be a parcel of land not more than forty (40) acres
  • Owner’s Affidavit demonstrates income below limits as determined each year
  • Owner is a person over the age of 62 years
  • Owner is a person with a disability as determined by the social securing administration, OR
  • Owner purchased property at least ten (10) years prior to the beginning of the tax year for which the owner is applying for deferral of taxes
  • Proof that first half (1/2) of property tax due has been paid to County Treasurer

 

TERMS:

Any deferral of collection of taxes granted by the board of county commissioners shall constitute a perpetual tax lien against the property pursuant to W.S. 39-13-108(d)(i) with priority over any other lien.  

Notwithstanding W.S. 39-13-108(b)(ii), interest shall accrue on any tax collection deferral granted by the board of county commissioners at a compounded rate of four percent (4%) per annum, except for persons who qualify solely under subdivision (N)(III) of W.S. 39-13-107.

 

Application and Affidavit for Property Tax Deferral due NOVEMBER 10TH OF EACH YEAR.

The application can be found here: Property Tax Deferral Program Application & Affidavit