Bill > HB4454

This bill, by amending West Virginia Code §11-6B-3, proposes to increase the homestead property tax exemption from $20,000 to $40,000. The homestead exemption is a reduction in property taxes allowed for the value of a home that is owned and occupied by the owner for residential purposes. This increased exemption would apply to eligible homeowners who are 65 years of age or older or are certified as permanently and totally disabled, provided they have been residents of West Virginia for two consecutive years prior to the tax year in question, with some exceptions for military service members and those returning to the state. The exemption attaches to the property on the July first assessment date and applies to the following tax year, and it will be removed if the property is transferred to a new owner who does not qualify for the exemption.

Budget and Finance

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4454&year=2026&sessiontype=RS&btype=bill