Bill > SB9

This bill modifies West Virginia's property tax exemption laws by eliminating the tax exemption for state-owned real property within counties. Specifically, the bill adds a new provision that requires the state to pay property taxes on real estate it owns, even though state-owned personal property remains tax-exempt. The change means that counties can now collect property taxes on real property owned by the state government, which was previously completely exempt from taxation. The bill maintains the existing exemptions for other types of property, such as federal property, county and municipal property, religious properties, educational institutions, and various charitable organizations. The legislation aims to generate additional tax revenue for counties by requiring the state to pay property taxes on its real estate holdings, while preserving most other existing tax exemptions. The bill ensures that the real property will still be entered on the assessor's books with its true and actual value, but now with the expectation of tax collection, unlike the previous version of the law.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=9&year=2025&sessiontype=RS&btype=bill