2026 Regular Session
SB 898
Relating to valuation of farm property
In Committee
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- Passed Senate
- Passed House of Delegates
- To Governor
- Became Law
Bill overview
This bill changes how agricultural buildings on qualified farmland are valued for property tax purposes in West Virginia. Starting January 1, 2027, these buildings will be assessed at their salvage value. However, beginning January 1, 2029, they will no longer be included in ad valorem real property tax assessments.
Key provisions
- Buildings used solely for agricultural purposes on qualified farmland will be assessed at salvage value starting January 1, 2027.
- Buildings used solely for agricultural purposes will be removed from ad valorem real property tax assessments starting January 1, 2029.
- The bill specifically includes barns, stables, chicken houses, and other agricultural outbuildings.
- The change applies to buildings ‘permanently affixed to the land’ and owned by the land owner.
- The bill amends existing code section §11-4-10 regarding real property assessment.
- Qualified farmland is defined as land used solely for agricultural purposes.
Who is affected
- Farmers
- Agricultural landowners
- West Virginia tax assessors
- Property tax administrators
- Agricultural businesses
Notable changes
- Shifts the valuation of agricultural buildings from ad valorem property tax to salvage value for a period.
- Eliminates the assessment of agricultural buildings from property tax rolls entirely after 2029.
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