Bill > HB2670

This bill proposes to double the homestead property tax exemption from $20,000 to $40,000 for qualifying homeowners in West Virginia. The exemption applies to residents who are 65 years of age or older or are certified as permanently and totally disabled. To be eligible, homeowners must have been West Virginia residents for two consecutive calendar years preceding the tax year, with some exceptions for military service members and those who have briefly lived out of state. The exemption is only allowed for one homestead used exclusively for residential purposes, and it attaches to the property on the July first assessment date, applying to taxes for the following tax year. If the property is transferred, the new owner must qualify for the exemption to maintain it. The bill maintains existing provisions about residency requirements and proof, such as using voter registration or motor vehicle registration as evidence of state residency, and includes a clause that preserves the exemption's availability if the residency requirement is found to violate federal law.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=2670&year=2025&sessiontype=RS&btype=bill