This bill proposes a constitutional amendment to increase the homestead property tax exemption in West Virginia from $20,000 to $50,000. It directly affects homeowners and mobile home owners who are at least 65 years old or permanently disabled, as well as younger homeowners who would receive a phased-in exemption starting at a lower value. The amendment would allow the state legislature to set specific rules for how the exemption applies, including a five-year phase-in period for properties appraised before the law takes effect. Additionally, the bill grants the legislature authority to provide property tax relief to tenants of residential or farm property. The measure requires approval by voters at the 2026 general election to become part of the state constitution.
This bill clarifies procedures for local government bodies in West Virginia to conduct late meetings and file late reports when necessary. It also revises how reduced property tax levy rates are calculated when property appraisals result in a projected tax increase of one percent or more. The law requires these bodies to automatically reduce their levy rates proportionately to offset assessment increases, unless they hold a public hearing and demonstrate that the increase is necessary. Under the new rules, local governments can raise rates above the reduced level only if total tax revenues do not exceed the previous year's amount by more than ten percent, with specific notice requirements for public hearings. The bill directly affects county commissions and municipalities by standardizing how they handle property tax adjustments and public notification processes.
HB 5359 creates a new tax method for high voltage electric transmission line property in West Virginia, directing property tax revenue from newly constructed transmission projects into the existing Electric Grid Stabilization and Security Fund. This fund will use the collected revenue to support grid stabilization, security, and efficiency upgrades for regulated utilities, including maintenance of coal and natural gas generation facilities serving West Virginia ratepayers. The bill specifies that these funds must be used to lower electricity rates for West Virginia consumers, directly benefiting all ratepayers by reducing costs through improved grid infrastructure. Key provisions include defining "high voltage transmission line property," requiring tax returns to the Board of Public Works, and ensuring unspent fund balances carry forward annually. The bill is currently in the House Finance Committee for review.
SB 898 modifies how certain agricultural buildings on qualified farmland are taxed. Beginning January 1, 2027, these buildings (like barns, silos, and chicken houses) will be assessed at their salvage value for property tax purposes. Starting January 1, 2029, such buildings will no longer be included in property tax assessments at all. The bill directly affects farmers who own qualifying agricultural structures, reducing their property tax burden over time. This change applies only to buildings used solely for agricultural production or storage, not to residential or commercial properties.
This Senate Joint Resolution (SJR 18) proposes a constitutional amendment to eliminate property taxes on the primary residence of West Virginia residents aged 65 or older who are state citizens. The amendment would exempt real property (including mobile homes) used as a primary residence from ad valorem taxation, but only one home per household (owner and spouse) could qualify for the exemption. Existing property appraisal and reappraisal procedures would continue under current law for all properties, including those covered by the exemption. The amendment requires legislative approval and voter ratification in the 2026 general election to take effect.
SJR 17 proposes a constitutional amendment that would permit the West Virginia legislature to pass a law exempting owner-occupied homes from property tax. This exemption would apply to homes used as a primary residence by the owner (or one owner) who is a West Virginia citizen, but only for one home per household. If approved by voters in 2026, the legislature could implement this exemption through specific rules, while requiring these homes to continue undergoing regular property appraisals under current law. The amendment does not automatically eliminate property taxes but enables future legislative action to do so under defined conditions.
HB 5595 amends West Virginia law to exempt personal property owned by veterans with a 100% disability rating from state property taxes. It directly affects fully disabled veterans who receive this specific military disability rating. The bill adds these veterans to the existing list of property tax exemptions under §11-3-9 of the West Virginia Code, which already covers items like churches, hospitals, and educational institutions. This change applies only to personal property (e.g., vehicles, equipment), not real estate. The bill was introduced in the West Virginia House of Delegates on February 16, 2026, and referred to the Finance Committee.
HB 5534 would reclassify titled vehicles (like cars and trucks) in West Virginia from a higher tax class (Class IV) to a lower tax class (Class II) for property tax purposes. This change would directly affect vehicle owners in municipalities who pay personal property tax on their titled vehicles, excluding mobile homes. The bill modifies West Virginia Code §11-8-5 to move titled vehicles from municipal Class IV valuation to residential Class II valuation. If passed, this would lower the taxable value of these vehicles, reducing their property tax burden compared to current rates. The bill is currently pending in the House Finance Committee.
HB 5340 creates a new property tax classification for timberland leased for carbon credits, requiring the lease to generate at least $10,000 annually in carbon credit income. Landowners with 10 or more contiguous acres of timberland meeting the state's "managed timberland" definition (including sustainable forest management plans) can apply for this classification through the Tax Commissioner's certification. Once certified, the property will be assessed under this new tax classification for property tax purposes, with the classification remaining stable unless the land's use changes or the property's tax class shifts between Class III and IV. This aims to provide tax consistency for landowners participating in carbon credit programs while encouraging sustainable forest management.
HB 5532 prohibits West Virginia counties and municipalities from imposing additional property taxes on residential rental properties beyond the rate applied to owner-occupied homes. It directly affects rental property owners and tenants by preventing local governments from charging higher taxes on rentals due to zoning classifications. The bill requires all county/municipal property taxes on rental properties to match those for owner-occupied homes and bans extra taxes based on zoning. This aims to reduce costs for tenants by preventing "double-taxing" that could raise rents, without altering sales or service taxes for businesses. The bill is currently in the House Finance Committee after introduction on February 16, 2026.
