Section 19-4 - Qualifications for Eligibility (a) An applicant must have been a resident of the state of Wyoming for a period of not less than five (5) years prior to the year in which he/she applies for a refund under W.S. 39-13-109(c)(iv). For purposes of this provision, the five year period must be continuous. When a joint application is filed because the property is jointly owned, at least one of the joint owners must satisfy this residency requirement.
(b) An applicant must have paid the property tax with any applicable interest and penalties, for the preceding calendar year upon the individual's principal residence including the land, on which the residence is located by the application deadline.
(c) An applicant must satisfy the following financial requirements to be eligible for a refund under the provisions of W.S. W.S. W.S. 39-13-109(c)(iv); - (i) Total household income, defined as "gross income" in Section 3, above, shall not exceed the greater of three-fourths (3/4) of the median gross household income for the applicant's county of residence or of the state, as determined annually by the Economic Analysis Division of the Department of Administration and Information and
- (ii) The value of total household assets, excluding the items listed below, shall not have a value in excess of one-hundred thousand dollars ($100,000.00) per adult member of the household as adjusted annually by the statewide average Wyoming cost-of-living index published by the Economic Analysis Division of the Department of Administration and Information.
- (iii) Items excluded from household assets are as follows:
- (A) The value of the home subject to the refund application;
- (B) One (1) personal motor vehicle per adult in the household;
- (C) Household furnishings and personal property;
- (D) Assets held under a bona fide pension plan or individual retirement account;
- (E) The cash value of any life insurance policies held; and
- (F) Assets held in a medical savings account.
011-19 Wyo. Code R. § 19-4