summary
Introduced
01/16/2026
01/16/2026
In Committee
01/16/2026
01/16/2026
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; remove cap on property tax books, and repeal limitation on levy rates when appraisal results in tax increase.
AI Summary
This bill proposes a phased increase to the homestead exemption, which is a tax break for homeowners, particularly those aged 65 or older or permanently and totally disabled, on the assessed value of their primary residence. Starting in 2028, the exemption will begin at $25,000 and gradually rise to $40,000 by 2031, provided a constitutional amendment allowing for this increase is passed by voters. Additionally, the bill removes a cap on property tax books, meaning the full assessed value will be recorded, and repeals a limitation that previously prevented tax rate increases when property appraisals led to higher tax bills.
Committee Categories
Budget and Finance
Sponsors (6)
Joe Funkhouser (R)*,
Dave Foggin (R),
Rick Hillenbrand (R),
Chuck Horst (R),
Bill Ridenour (R),
Carl Roop (R),
Last Action
To House Finance (on 01/16/2026)
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=4455&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=943460468 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4455%20intr.htm&yr=2026&sesstype=RS&i=4455 |
Loading...