Short-Term Rental Taxes in Wyoming: No Income Tax, Jackson Hole, and the Ultimate STR Guide
NO state income tax | Full federal bonus depreciation benefit — no state offset | 4% state lodging tax + county taxes (~8% total in Teton County) | Jackson Hole is one of the highest-end STR markets in the U.S. ($1M–$10M+ properties) | No state income tax return to file
Wyoming stands alongside Florida, Texas, Nevada, and South Dakota as one of the most tax-advantaged states in the country for STR investors. The absence of state income tax is straightforward and absolute — there is simply no Wyoming individual income tax. For Jackson Hole STR investors — where properties routinely trade at $2M–$10M+ — the absence of state income tax on rental profits represents enormous savings compared to investing in comparable-quality markets in California or Oregon.
No Wyoming Income Tax: The Foundation of Exceptional Returns
Wyoming's constitutional prohibition on income taxes applies to all income: wages, rental income, investment income, and business income. For a Jackson Hole STR investor generating $300,000 in annual net rental income, the absence of Wyoming state income tax saves $15,000–$30,000 annually compared to the same investment in Colorado (4.4%), Idaho (5.8%), or Utah (4.65%). Over a 10-year hold, that's $150,000–$300,000 in cumulative state income tax savings — before considering property appreciation.
Combined with 100% federal bonus depreciation and the STR loophole, Wyoming's no-income-tax status means every dollar of cost segregation deductions translates directly to federal tax savings with zero state offset.
Wyoming Lodging Taxes by Market
| County / Market | State Lodging Tax | County Lodging Tax | Approximate Total |
|---|---|---|---|
| Teton County (Jackson Hole) | 4% | ~4% | ~8% |
| Park County (Cody/Yellowstone east) | 4% | ~2% | ~6% |
| Sublette County (Pinedale/Wind River) | 4% | ~2% | ~6% |
| Natrona County (Casper) | 4% | ~2% | ~6% |
| Laramie County (Cheyenne) | 4% | ~2% | ~6% |
| Lincoln County (Afton/Star Valley) | 4% | ~2% | ~6% |
Jackson Hole: America's Premier Luxury STR Market
Jackson Hole (Teton County, Wyoming) is widely considered the most exclusive ski and outdoor recreation destination in the United States. The combination of extreme natural scarcity (over 97% of Teton County land is federal — Grand Teton National Park, Bridger-Teton National Forest, and National Elk Refuge), world-class skiing at Jackson Hole Mountain Resort, proximity to Yellowstone National Park (50 miles north), and the Wyoming tax advantage creates a market with extraordinary supply constraints and exceptional demand.
STR properties in Jackson Hole command extraordinary rates: $800–$5,000+/night for quality properties in peak ski season (December–March) and strong summer rates driven by Grand Teton and Yellowstone tourism (June–August). Annual gross revenue of $200,000–$800,000+ is achievable for well-positioned luxury properties.
Jackson Hole STR Regulations
Teton County has adopted a permit system for STRs with regulations that vary by zoning district. The Town of Jackson (the municipality) and unincorporated Teton County have different rules. The county has periodically imposed moratoriums on new STR permits in certain zones. Properties with existing valid permits command a significant premium. Due diligence on permit status and transferability is absolutely critical before any Jackson Hole STR acquisition.
Cost Segregation in Wyoming: Maximum Impact
Wyoming's no-income-tax environment makes cost segregation maximally effective. Jackson Hole luxury properties have excellent personal property ratios: high-end furnishings and artwork in luxury mountain homes, outdoor hot tubs, ski gear storage, heated driveways, and premium appliances can represent 20–28% of very high property values. A $3M Jackson Hole property with $750,000 in bonus-eligible deductions (25% ratio) generates $277,500 in first-year federal tax savings at 37% — with zero Wyoming state income tax impact. This is one of the largest cost segregation deductions available anywhere in the country.
Estimate Your Wyoming STR Tax Savings
No state income tax + Jackson Hole's extraordinary property values = some of the largest cost seg deductions in the country. Get your free estimate.
Get My Free Estimate