Wyoming Tax Overview
Wyoming has no personal income tax and no corporate income tax, largely funded by mineral extraction taxes and severance taxes on coal, oil, and natural gas. The state has a 4% sales tax and relatively low property taxes. Wyoming has the smallest population of any U.S. state but offers one of the most tax-friendly environments in the country.
Wyoming Tax Quick Facts (2026)
| Income Tax | None |
| Sales Tax (State) | 4.00% |
| Property Tax (Avg Effective) | 0.57% |
| Median Household Income | $72,495 |
| Capital | Cheyenne |
| Population | 0.6 million |
Frequently Asked Questions About Wyoming Taxes
Does Wyoming have a state income tax?+
No, Wyoming does not impose a state income tax on personal income. It is one of nine US states with no income tax.
What is the property tax rate in Wyoming?+
The average effective property tax rate in Wyoming is approximately 0.57% of assessed home value. On a $300,000 home, that is about $1,710 per year.
What is the sales tax rate in Wyoming?+
The state sales tax rate in Wyoming is 4.00%. Local jurisdictions may add additional sales tax.
What is the median household income in Wyoming?+
The median household income in Wyoming is approximately $72,495 per year.
How does Wyoming's tax burden compare to other states?+
Wyoming's total tax burden depends on income tax, property tax, and sales tax combined. Use the calculator above to compare your specific situation.
Related Calculators
James Whitfield, CPA, MST
James Whitfield is a Certified Public Accountant with a Master of Science in Taxation. He specializes in US federal and state tax calculations and ensures all tax-related tools meet current IRS guidelines. Last updated: April 2026. Uses 2026 tax year data from state revenue departments and IRS publications.