HB 3124
Change the Homestead Exemption
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- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to increase 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 property taxes. This bill would increase this exemption to 50% of the assessed value of the homestead, with a maximum of $20,000 if the assessed value is below $40,000. The bill also includes provisions regarding residency requirements and proof of exemption eligibility, particularly for veterans returning to West Virginia after military service.
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