WV SB506

Creates a "market pay enhancement" for certified teachers in West Virginia starting July 1, 2027, based on median home prices in their county or region compared to the statewide median home price

Calculates the enhancement by comparing either the regional median home price (county of employment plus contiguous counties, including border state counties) or the county median home price to the West Virginia median home price, using whichever multiplier is higher

Caps the market pay enhancement at 50% of the average teacher's base salary in the affected county

Requires the State Board of Education to annually determine median home prices using National Association of Realtors data beginning December 1, 2026, and report to the Joint Committee on Government and Finance

Provides that market pay enhancements are in addition to state minimum salary schedules, other statutory amounts, and county supplements, and allows county boards to provide additional enhancements beyond the required amounts