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Wyoming Homestead Increased 5x to $100,000 in 2023

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Wyoming Homestead Exemption Increases 5x to $100,000

As of July 1, 2023, the state of Wyoming is apparently trying to keep up with its neighbors who increased their homestead exemptions recently (Colorado in 2022 and Montana).

While not as large as Colorado’s homestead of $250,000 or Montana’s inflation-adjusted homestead of $378,560, it still represents a fivefold increase from the old exemption amount of $20,000.

It’s the first change in Wyoming exemptions since they added an exemption for firearms in 2016.

The new law revises the existing Wyoming Homestead statute Wyo. Stat. § 1-20-101.

About Albin Renauer

Albin Renauer is the founder of Legal Consumer, which he began in 2006 as an online companion to his book, How to File for Chapter 7 Bankruptcy. Albin received his J.D. from the University of Michigan Law School in 1985. He worked for various public-interest law firms in the Bay Area and also as a staff attorney for Chief Justice Rose Bird of the California Supreme Court. He also spent 17 years as an editor at Nolo, where he helped create numerous books and software programs, including the bestselling WillMaker. He edited Law on the Net, the first online directory of legal resources and was the architect of Nolo's Webby Award winning website during the dot-com boom.