HB 3332
To allow certain entities to purchase qualifying tax-delinquent properties before they are offered at public auction
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill removes a sunset date from a section of West Virginia law that allows land reuse agencies and municipal land banks to purchase tax-delinquent properties before they are offered at public auction. Currently, this right of first refusal expires after a certain period. This legislation extends the availability of this mechanism, allowing these entities to acquire properties that meet specific criteria, such as low assessed value, significant municipal liens, or a history of vacant status. It also includes provisions for notifying adjacent property owners of the opportunity to purchase the tax-delinquent property and ensures reporting requirements for agencies utilizing this authority.
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