HB 4177
Limit property tax increases on certain individuals
Take action
Record your position on this measure.
Sign in to record your position, submit testimony, or contact your legislator.
Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill creates a property tax exemption for certain West Virginia residents, specifically those who are 65 years of age or older, permanently and totally disabled, or widowed with a gross income of less than $20,000 per year. It aims to limit increases in property taxes on homesteads used exclusively for residential purposes for these eligible individuals. The exemption attaches to the property on the July 1st assessment date and is designed to maintain the property's assessed value and tax rate at the time eligibility is established.
Key provisions
- Provides a $20,000 homestead property tax exemption for eligible West Virginia residents.
- Eligibility includes being 65 years of age or older, permanently and totally disabled, or widowed with a gross income under $20,000.
- Requires a sworn affidavit confirming residency and non-receipt of similar exemptions elsewhere.
- Allows a homestead exemption for returning West Virginia residents who establish residency within five years.
- Exemption attaches on July 1st and is applicable to the following tax year.
- Exemption does not transfer to another homestead until the following July 1st.
- The exemption is removed upon transfer of the homestead.
- The Tax Commissioner can specify acceptable proof of residency.
Who is affected
- Senior Citizens
- Individuals with Disabilities
- Low-Income Seniors and Widows
- Homeowners
- Local Government Levying Bodies
Notable changes
Arguments in favor
Reasons to support this legislation.
No arguments in favor have been submitted.
Submit yoursArguments opposed
Reasons to oppose this legislation.
No arguments opposed have been submitted.
Submit yours