Question 1:  Does a 50% homeowner property-tax reduction mean a 50% cut to government services?

No, that is one of the biggest misconceptions surrounding the initiative.
 

The 50% applies to the assessed value of a qualifying homeowner’s primary residence used to calculate property taxes. It does not mean that counties, cities, fire departments, ambulance services or other government entities automatically lose 50% of their total revenue.
 

Wyoming property-tax revenue comes from many sources, including residential, commercial, industrial, mineral and other taxable property.  The impact of the initiative will therefore vary among counties and taxing entities.

50% relief on a qualifying homeowner’s property does not equal 50% less money for government.