WV SB532

Ad valorem taxes on wells must be paid to the county where the property being drawn from is located, not the county where the well seat is physically situated

Addresses situations where a well's surface location (well seat) is in a different county than the underground property from which resources are extracted

Defines "well seat" as the designated point within a drilled wellbore where casing is cemented in place to create a secure seal with the surrounding rock formation

Amends the West Virginia Property Tax Adjustment Act by adding new section §11-13MM-8A