WV HB2969

Increases the homestead property tax exemption for eligible homeowners from $20,000 to $30,000 of assessed value immediately upon enactment

Phases in additional increases, raising the exemption to $35,000 in 2028 and $40,000 in 2030

Eligibility remains unchanged: homeowners must be 65 years or older OR permanently and totally disabled, and must have been West Virginia residents for two consecutive calendar years prior to the tax year

Only one exemption is allowed per homestead, regardless of how many qualified owners reside there

The exemption attaches to the homestead occupied on the July 1st assessment date and applies to taxes for the following tax year