WV HB3451

Increases the homestead property tax exemption for residents aged 65+ or permanently disabled from $20,000 to $40,000 in assessed value through a phased approach: $25,000 starting January 1, 2027; $30,000 in 2028; $35,000 in 2029; and $40,000 in 2030

Exemption increase becomes effective only upon voter ratification of a related constitutional amendment proposed during the 2025 legislative session

Maintains existing eligibility requirements including two consecutive years of West Virginia residency prior to the tax year and prohibition on receiving similar exemptions in other states

Repeals §11-8-6e, which limited levy rates when property appraisals resulted in tax increases

Updates property tax book provisions to reference the new variable exemption amounts rather than the fixed $20,000 cap