WV HB2877

Requires the Division of Motor Vehicles to provide Tax Assessors with itemized lists of all motor vehicles owned by each person as of July 1 each year, with delivery by October 1

Mandates that Tax Assessors use DMV records as the basis for assessing personal property taxes on all motor vehicles

Adds motor vehicle property listed by the DMV as a new category in personal property books that assessors must maintain

Creates a new article in the Motor Vehicle Administration code (Article 3B) specifically requiring DMV to report motorized property ownership to Tax Assessors annually

Streamlines personal property tax assessment by eliminating the need for separate reporting or verification of vehicle ownership between the two agencies