summary
Introduced
01/20/2026
01/20/2026
In Committee
01/20/2026
01/20/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
The purpose of this bill is to increase the Homestead Property Tax Exemption from $20,000 to $40,000.
AI Summary
This bill increases the homestead property tax exemption, which is a reduction in property taxes for homeowners, from $20,000 to $40,000. This exemption applies to the assessed value of a home that is owned and occupied by the owner for residential purposes, and is available to those who are 65 or older or permanently and totally disabled, provided they have been residents of West Virginia for two consecutive years. The bill also clarifies rules regarding residency for those returning to the state after living elsewhere, military personnel returning to West Virginia, and how the exemption is applied when a home is sold or transferred.
Committee Categories
Budget and Finance
Sponsors (5)
Last Action
To House Finance (on 01/20/2026)
Official Document
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=4564&year=2026&sessiontype=RS&btype=bill |
| Fiscal Note - Tax & Revenue Department, WV State | http://www.wvlegislature.gov/Fiscalnotes/FN(2)/fnsubmit_recordview1.cfm?RecordID=938786619 |
| BillText | http://www.wvlegislature.gov/Bill_Status/bills_text.cfm?billdoc=hb4564%20intr.htm&yr=2026&sesstype=RS&i=4564 |
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