HB 4454
To double the homestead tax exemption
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would double the amount of the homestead property tax exemption in West Virginia. Currently, homeowners aged 65 or older, or those permanently and totally disabled, can receive a $20,000 exemption on their property taxes. This bill would increase that exemption to $40,000. The exemption is available to homeowners who meet specific residency requirements and are using the property exclusively for residential purposes.
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 non-receipt of a similar exemption elsewhere.
- Establishes a two-year residency requirement in West Virginia.
- Allows a limited exception for returning West Virginia residents who previously held residency in another state.
- Specifies acceptable proof of residency, including voter registration and motor vehicle registration.
- Only one exemption is allowed per homestead.
- The exemption attaches to the property on the July 1st assessment date.
Who is affected
- Homeowners
- Senior Citizens
- Individuals with Disabilities
- Property Taxpayers
- Local Government Levying Bodies
Notable changes
- Doubles the existing homestead property tax exemption.
Sponsors
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Primary sponsor
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