HB 5612: Relating to property valuations of properties located on the State Capitol Complex
HB 5612 removes the requirement for the state to establish market value for properties on the West Virginia State Capitol Complex. It amends a law requiring state agencies to identify unused or underused properties and report them to the Real Estate Division for review. The bill does not change the process for valuing other state-owned properties, only specifically exempts Capitol Complex properties from the market valuation requirement. This directly affects state agencies managing Capitol Complex properties and the Real Estate Division’s annual property review process.














