WV HB4906

Exempts all real and personal property from taxation for West Virginia residents aged 70 years or older, effective beginning tax year 2027

Amends the existing Homestead Property Tax Exemption ($20,000 assessed value exemption) to remove eligibility for persons 65 years or older, limiting it to those certified as permanently and totally disabled

Creates a complete property tax exemption for seniors 70+, replacing the partial $20,000 homestead exemption previously available at age 65

Requires the property owner to have been a West Virginia resident for two consecutive calendar years preceding the applicable tax year to qualify for the homestead exemption