Bill > HB4043

This bill proposes to add an additional $20,000 homestead exemption to property taxes for West Virginia citizen farmers who earn more than 50% of their income from their farm. A homestead exemption is a reduction in the assessed value of a property for tax purposes, meaning the owner pays taxes on a lower amount. Currently, West Virginia offers a $20,000 homestead exemption for qualifying residents who are 65 or older, permanently and totally disabled, and have been residents of the state for two consecutive years. This bill expands that exemption specifically for farmers who rely heavily on their agricultural operations for their livelihood, providing them with further property tax relief.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4043&year=2026&sessiontype=RS&btype=bill