West Virginia HB5532 prohibits counties from double-taxing rental properties to keep rents affordable.

West Virginia HB5532 aims to prevent counties and municipalities from double-taxing residential rental properties, ensuring rents remain affordable for residents. The bill mandates that all taxes on rental properties be assessed at the same rate as owner-occupied housing. It prohibits additional property taxes based on zoning and does not affect sales and service taxes for businesses. The West Virginia Tax Commission may create rules to implement these provisions.

West Virginia HB5532 prohibits counties from double-taxing rental properties to keep rents affordable.

West Virginia HB5532 aims to prevent counties and municipalities from double-taxing residential rental properties, ensuring rents remain affordable for residents. The bill mandates that all taxes on rental properties be assessed at the same rate as owner-occupied housing. It prohibits additional property taxes based on zoning and does not affect sales and service taxes for businesses. The West Virginia Tax Commission may create rules to implement these provisions.