WV SB144

Increases the homestead property tax exemption from $20,000 to at least $25,000 of assessed value for homeowners who are 65 years or older or permanently and totally disabled

Requires the homeowner to have been a West Virginia resident for two consecutive calendar years preceding the tax year for the exemption

Makes the increased exemption contingent on voter ratification of a constitutional amendment permitting the higher homestead property exemption

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

Grants the Legislature authority to make future modifications to the homestead property exemption by general law