This bill amends the Code of West Virginia to mandate that a sales listing form be attached to and recorded with any deed involved in the transfer of real property. The bill specifies that the sales listing form must be completed in addition to the existing declaration of consideration or value required by law. It also allows for the possibility of a combined form that includes both the declaration and the sales listing information, which can be used as an alternative to the separate forms. The clerk of the county commission is responsible for ensuring that the sales listing form is submitted and recorded, and they must deliver these forms to the Tax Commissioner monthly.
Additionally, the bill outlines the responsibilities of the clerk regarding the collection of excise tax stamps and the notification process for lienholders and new property owners. It includes provisions for the timely delivery of information to the assessor and sheriff, ensuring that they are updated on new ownership and any liens against the property. The changes aim to enhance the accuracy and efficiency of property transactions and tax assessments in West Virginia.
Statutes affected: Introduced Version: 11-22-6