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WV HB3058

Bill

Official Source

Status

Introduced

2/28/2025

Primary Sponsor

Phil Mallow

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Freezes property tax assessments at current values for homeowners who are 65 years or older, permanently and totally disabled, or widowed with gross income under $20,000 per year
  • Eligible individuals must have resided in West Virginia for more than two years and use the property as their exclusive residence
  • Property assessment and tax rate remain locked at the level applicable when the owner first becomes eligible under these criteria
  • Expands existing homestead exemption law, which already provides a $20,000 assessed value exemption for seniors 65+ and permanently disabled residents

Legislative Description

Limit property tax increases on certain individuals

Taxation

Last Action

To House Finance

2/28/2025

Committee Referrals

Finance2/28/2025

Full Bill Text

No bill text available