HB2840 H JUD AMT 3-28        

    The Committee on the Judiciary moves to amend the title of the bill to read as follows:

    H. B. 2840 -- “A Bill to amend and reenact §11-1C-4 and §11-1C-9 the Code of West Virginia, 1931, as amended; and to amend and reenact §11-3-2a and §11-3-24 of said code; and to amend said code by adding thereto a new section, designated §11-3-24c, all relating to valuation and assessment of property for ad valorem property taxation; allowing a real property owner to submit an independent appraisal of the property to the assessor; providing for notice to an owner of an increase in the assessed value that is greater than sixty percent of the value determined by an independent appraisal; objections by property owners to the differential between sixty percent of the property value determined by the independent appraisal and the assessed value before the board of equalization and review; requiring consideration of competing appraisals, when submitted, by a preponderance of the evidence by the board of equalization and review.”