S.J.Res.11

West Virginia SJR11 proposes a constitutional amendment to increase the homestead exemption from $20,000 to $25,000 and allows for future increases.

West Virginia SJR11 proposes an amendment to the state constitution to change the homestead exemption for property tax purposes. The amendment would increase the exemption from the first $20,000 to not less than the first $25,000 of assessed valuation for residential property. It also allows for periodic increases until the exemption reaches $40,000. The amendment applies to real property and personal property in the form of a mobile home used exclusively for residential purposes. The changes are subject to legislative provisions and conditions.