West Virginia legislation · 2026 Regular Session
West Virginia HB5014: Modification to real property tax requirements for farm structures
Status: Introduced, January 30, 2026
What the bill says
To amend and reenact §11-1A-10 of the Code of West Virginia, 1931, as amended, relating to the modification to real property tax requirements for farm structures. ARTICLE 1A. APPRAISAL OF PROPERTY. §11-1A-10. Valuation of farm property. (a) With respect to farm property, the Tax Commissioner shall appraise such property so as to ascertain its fair and reasonable value for farming purposes regardless of what the value of the property would be if used for some other purpose, and the value shall be arrived at by giving consideration to the fair and reasonable income which the property migh.
From the introduced text, January 30, 2026:
A BILL to amend and reenact §11-1A-10 of the Code of West Virginia, 1931, as amended, relating to the modification to real property tax requirements for farm structures. ARTICLE 1A. APPRAISAL OF PROPERTY. §11-1A-10. Valuation of farm property. (a) With respect to farm property, the Tax Commissioner shall appraise such property so as to ascertain its fair and reasonable value for farming purposes regardless of what the value of the property would be if used for some other purpose, and the value shall be arrived at by giving consideration to the fair and reasonable income which the property might be expected to earn in the locality wherein situated, if rented. The fair and reasonable value for farming purposes shall be deemed to be the market value of such property for appraisement purposes. (b) A person is not engaged in farming if he or she is primarily engaged in forestry or growing timber. Additionally, a corporation is not engaged in farming unless its principal activity is the business of farming, and in the event that the controlling stock interest in the corporation is owned by another corporation, the corporation owning the controlling interest must also be primarily engaged in the business of farming. (c) All farm structures located on agricultural land as defined in §19-19-2b and used in the production, marketing, …