Bill > HB3450

This bill proposes to modify the property tax classification for titled vehicles in West Virginia by moving them from Class IV (property situated inside municipalities) to Class II (residential property). Currently, titled vehicles are taxed at a higher assessment rate when located within municipal boundaries. By reclassifying these vehicles to Class II, the bill would effectively reduce the property tax valuation for most titled vehicles, except for mobile homes. This change means vehicle owners would likely pay lower property taxes, as Class II properties are typically assessed at a lower rate compared to Class IV properties. The bill amends the existing state law on property classification by inserting language that explicitly includes "all titled vehicle personal property except mobile homes" in the Class II category, thereby providing tax relief for vehicle owners across West Virginia municipalities.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=3450&year=2025&sessiontype=RS&btype=bill