Exempts individuals over 70 from real estate taxes starting in 2027
West Virginia HB4906 amends the state's tax code to exempt individuals aged 70 and older from real estate taxes beginning in the 2027 tax year. The bill clarifies the eligibility criteria for the Homestead Property Tax Exemption, ensuring it applies to those who meet specific residency and ownership requirements. The exemption will be applied to the assessed value of the property, providing relief to eligible seniors.
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