Increasing Homestead Exemption

Summary

The bill lifts the homestead tax exemption from $20,000 now to $30,000, then to $35,000 in 2028, $40,000 in 2030, and fully removes the tax for eligible owners by 2032. It applies to homeowners who are 65 or older or permanently disabled and have lived in West Virginia for at least two consecutive years. The measure also sets residency‑proof requirements and limits the exemption to one per homestead.

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