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Taxes & Incentives

Taxes & Incentives

The City of Laramie and Albany County provide a very attractive tax structure:

State Income Taxes

  • Individual:   0%
  • Corporate:   0%

Other Taxes

  • Inventory Tax:   0%
  • Property Taxes (within city limits):   .073%
  • Sales and Use Taxes:   6%
  • State Unemployment Insurance:  Based on NAICS
  • Wyoming Worker's Compensation Insurance:  Based on NAICS
  • Retirement Income Tax:   0%
  • Inheritance and Estate Tax:   0%

State

The state of Wyoming does not levy a personal or corporate income tax or impose a tax on intangible assets such as bank accounts, stocks, or bonds. In addition, Wyoming does not assess any tax on retirement income earned and received from another state. Further, there is no legislative plan to implement any of these types of taxes.

Inventory Taxes

The State of Wyoming does not levy an inventory tax.

Property Taxes

Property taxes (or ad valorem taxes) are taxes levied on the owner of real estate and/or property (depending on jurisdiction). The tax is generally based on some measure of value of the property itself.   Average tax rate in Albany County is 6.9%.