West Virginia SB898 proposes to assess agricultural buildings on qualified farmland at salvage value starting January 1, 2027, and exempt them from.

West Virginia SB898 amends the assessment of real property by changing how certain agricultural buildings on qualified farmland are valued. Beginning January 1, 2027, these buildings will be assessed at their salvage value for tax purposes. Starting January 1, 2029, these buildings will be completely exempt from ad valorem property tax assessment. This includes structures such as barns, stables, chicken houses, and silos used solely for agricultural purposes.

West Virginia SB898 proposes to assess agricultural buildings on qualified farmland at salvage value starting January 1, 2027, and exempt them from.

West Virginia SB898 amends the assessment of real property by changing how certain agricultural buildings on qualified farmland are valued. Beginning January 1, 2027, these buildings will be assessed at their salvage value for tax purposes. Starting January 1, 2029, these buildings will be completely exempt from ad valorem property tax assessment. This includes structures such as barns, stables, chicken houses, and silos used solely for agricultural purposes.