2025 Regular Session
HB 2670
To double the homestead tax exemption
In Committee
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to double the amount of the homestead property tax exemption in West Virginia. Currently, homeowners aged 65 or older or those certified as permanently and totally disabled receive a $20,000 exemption on their primary residence. This bill would increase that exemption to $40,000. The bill also includes provisions regarding residency requirements and the transfer of exemptions upon property ownership changes.
Key provisions
- Increases the homestead property tax exemption from $20,000 to $40,000.
- Applies to homeowners aged 65 or older or those certified as permanently and totally disabled.
- Requires a sworn affidavit confirming the owner's age or disability status and lack of similar exemptions elsewhere.
- Establishes residency requirements for receiving the exemption, including proof of West Virginia residency.
- Addresses residency requirements for returning West Virginia residents after living abroad.
- Specifies that only one exemption is allowed per homestead.
- The exemption attaches to the property on the July 1st assessment date.
- Provides a mechanism for the exemption to be removed upon transfer of the property.
Who is affected
- Homeowners
- Senior Citizens
- Individuals with Disabilities
- Local Governments (taxing authorities)
- Property Owners
Notable changes
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