H. B. 2007
(By Delegate Fantasia)
[Introduced February 12, 1997; referred to the
Committee on the Judiciary then Finance.]
A BILL to amend and reenact section nine, article one-c, chapter
eleven of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to changing
property tax reappraisals from a three-year cycle to a
five-year cycle.
Be it enacted by the Legislature of West Virginia:
That section nine, article one-c, chapter eleven of the code
of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 1C. FAIR AND EQUITABLE PROPERTY VALUATION.
§11-1C-9. Periodic valuations.
(a) After completion of the initial valuation required under
section seven of this article, each assessor shall maintain
current values on the real and personal property within the county. In repeating three-year five-year cycles, every parcel of real property shall be visited by a member of the assessor's
staff who has been trained pursuant to section six of this
article to determine if any changes have occurred which would
affect the valuation for the property. With this information and
information such as sales ratio studies provided by the tax
commissioner, the assessor shall make such adjustments as are
necessary to maintain accurate, current valuations of all the
real and personal property in the county and shall adjust the
assessments accordingly.
(b) In any year in which the assessed value of a property or
species of property be is less than or exceed exceeds sixty
percent of current market value, the tax commissioner shall
direct the assessor to make the necessary adjustments. If any
assessor fails to comply with the provisions of this section, the
tax commissioner may, at the county commission's expense, take
reasonable steps to remedy the assessment deficiencies.
NOTE: The purpose of this bill is to change the periodic
reappraisal of real and personal property from three-year to
five-year cycles.
Strike-throughs indicate language that would be stricken
from the present law, and underscoring indicates new language
that would be added.