summary
Introduced
01/14/2026
01/14/2026
In Committee
01/14/2026
01/14/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to provide for a phased in increase in the homestead exemption; provide that change to exemption contingent on passage of constitutional amendment; and repeal limitation on levy rates when appraisal results in tax increase.
AI Summary
This bill proposes to increase the homestead exemption, which is a property tax break for homeowners, from $20,000 to at least $25,000, but this increase will only take effect after a constitutional amendment allowing for it is passed by voters. The bill also removes a provision that limited tax rates when property appraisals caused tax increases, effectively repealing a section of existing law that dealt with this issue. The changes to the homestead exemption are contingent on the ratification of a constitutional amendment, meaning they won't be implemented until West Virginia voters approve such an amendment, and the Legislature is granted the authority to make future changes to this exemption through general law.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
To Finance (on 01/14/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=144&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=938773747 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=sb144%20intr.htm&yr=2026&sesstype=RS&i=144 |
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