West Virginia HB4454 doubles the homestead tax exemption from $20,000 to $40,000 for eligible residents.

West Virginia HB4454 amends the Homestead Property Tax Exemption to double the exemption from $20,000 to $40,000 for qualified residents. This exemption applies to the first $40,000 of assessed value of a homestead used and occupied by the owner exclusively for residential purposes. Eligibility includes residents who are 65 years of age or older, or certified as being permanently and totally disabled, and have been residents of West Virginia for two consecutive calendar years preceding the tax year.

West Virginia HB4454 doubles the homestead tax exemption from $20,000 to $40,000 for eligible residents.

West Virginia HB4454 amends the Homestead Property Tax Exemption to double the exemption from $20,000 to $40,000 for qualified residents. This exemption applies to the first $40,000 of assessed value of a homestead used and occupied by the owner exclusively for residential purposes. Eligibility includes residents who are 65 years of age or older, or certified as being permanently and totally disabled, and have been residents of West Virginia for two consecutive calendar years preceding the tax year.