Bill > HJR22

This resolution proposes a constitutional amendment to increase the homestead exemption in West Virginia from $20,000 to $50,000, which would provide significant property tax relief for eligible homeowners. The amendment specifically applies to real property or mobile homes used exclusively for residential purposes and is targeted at citizens who are 65 years or older, permanently and totally disabled, or under 65 years of age. If approved by voters in the 2025 general election, the amendment would exempt the first $50,000 of assessed property value from ad valorem (property) taxation for these qualifying homeowners. The resolution requires a two-thirds majority vote in each legislative chamber to be placed on the ballot, and it emphasizes that only one exemption will be allowed per person or household. The purpose of the amendment is to provide expanded property tax relief by increasing the amount of property value that can be exempted from taxation, potentially helping homeowners, particularly seniors and disabled individuals, to reduce their annual property tax burden.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Resolution_History.cfm?year=2025&sessiontype=RS&input4=22&billtype=JR&houseorig=H&btype=res