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WV HB4597

Bill

Official Source

Status

Introduced

1/20/2026

Primary Sponsor

Tresa Howell

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Increases the homestead property tax exemption for residents aged 65 and older or permanently disabled from the current $20,000 to $30,000 of assessed value
  • Phases in additional increases: $35,000 in 2028, $40,000 in 2030, and full elimination of ad valorem property taxes (100%) by 2032
  • Requires owners to have been West Virginia residents for two consecutive calendar years preceding the tax year and not receive a similar exemption in another state
  • Allows only one exemption per homestead regardless of the number of qualified owners residing there
  • Exemption attaches to the homestead occupied on July 1st assessment date and applies to taxes for the following tax year

Legislative Description

Increasing Homestead Exemption

Taxation

Last Action

To House Finance

1/20/2026

Committee Referrals

Finance1/20/2026

Full Bill Text

No bill text available