FISCAL NOTE
Date Requested: January 14, 2026
Time Requested: 04:46 PM |
| Agency: |
Tax & Revenue Department, WV State |
|---|
| CBD Number: |
Version: |
Bill Number: |
Resolution Number: |
| 1507 |
Introduced |
HB4039 |
|
|---|
| CBD Subject: |
Counties; Taxation |
|---|
|
FUND(S):
General Revenue Fund, local governments
Sources of Revenue:
General Fund local property tax revenue
Legislation creates:
Decreases Existing Revenue, Increases Existing Expenses
Fiscal Note Summary
Effect this measure will have on costs and revenues of state government.
The stated purpose of this bill is to require county tax assessor to have a justification for increasing the valuation of an antique or classic vehicle.
The provisions of this bill would have no impact on revenue for the State or local governments. The bill only requires notice and justification to be provided to the owner of the antique or classic vehicle.
There would be no additional costs to the State. Additional costs to counties would be minimal.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2026
Increase/Decrease
(use"-") |
2027
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
0 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The provisions of this bill would have no impact on revenue for the State or local governments. The bill only requires notice and justification to be provided to the owner of the antique or classic vehicle.
There would be no additional costs to the State. Additional costs to counties would be minimal.
Memorandum
The stated purpose of this bill is to require county tax assessor to have a justification for increasing the valuation of an antique or classic vehicle.
Enforcement of this bill would be difficult for assessors. It is not clear what the limit is on the increase in valuation since the bill does not mention a percentage or dollar amount. The bill also does not address whether lack of notice results in an ability to appeal the assessment. There are no definitions, procedures or deadlines in the bill.
Person submitting Fiscal Note: Mark Muchow
Email Address: RADfiscal@wv.gov