Lawmaker wants luxury home tax option for Teton County
A state lawmaker from Jackson is working on a bill that would allow voters in Teton County to decide whether to tax the sales of million-dollar homes.
Rep. Andy Schwartz said it would allow county commissioners to ask voters to approve the tax on homes that sell for $1 million or more. It would range from 1 percent to 2 percent based on the price.
The bill would only apply to counties where annual property sales exceed $600 million. Teton County is the only one that meets that threshold although Schwartz, a Democrat, is open to lowering the figure if other counties want the taxing option.
Wyoming Realtors president and Jackson real estate agent Devon Viehman says such a tax would make all housing less affordable.