Wyoming Income Tax Calculator

Taxes in Wyoming

Wyoming State Tax Quick Facts

• Income tax: None
• Sales tax: 4.00% - 6.00%
• 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%. Likewise, the state’s average sales tax rate (incorporating state and local rates) is only 5.518%. Even Wyoming’s gas tax is lower than average at 24 cents per gallon.

A financial advisor can help you understand how taxes fit into your overall financial goals. Finding a financial advisor doesn't have to be hard. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can have a free introductory call with your advisor matches to decide which one you feel is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.

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 Taxes

Whether you’re a doctor, rancher, teacher or 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%. 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 5%, bringing the total maximum tax on lodging to 11%.

Wyoming Property Tax

On average, homeowners in Wyoming pay about $1,442 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%, one of the lowest nationally. Property taxes in Wyoming are collected by county tax districts. 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 excise tax in Wyoming is 24 cents per gallon. And the tax on diesel fuel is also 24 cents per gallon.

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.

• With a population of just 577,737, 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.