Bill > HB3451

This bill proposes a phased increase in the homestead property tax exemption for homeowners who are 65 years or older or permanently and totally disabled in West Virginia. The exemption will increase from $25,000 in 2027 to $40,000 by 2030, with incremental increases of $5,000 each year. To qualify, homeowners must have been a resident of West Virginia for two consecutive calendar years preceding the tax year, with some exceptions for military service members and those who have maintained state residency. The bill removes the previous cap on property tax books and repeals limitations on levy rates when property appraisals result in tax increases. Importantly, these changes are contingent upon the passage of a constitutional amendment, which will be submitted to voters during the 2025 Regular Legislative Session. The exemption applies to homesteads used exclusively for residential purposes, and only one exemption is allowed per property, regardless of the number of qualified owners residing there. Homeowners receiving similar exemptions in other states are ineligible, and they must provide a sworn affidavit confirming this.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=3451&year=2025&sessiontype=RS&btype=bill