This bill aims to streamline the process of personal property tax assessment in West Virginia by mandating the Division of Motor Vehicles (DMV) to provide the Tax Assessor with records of all motor vehicles owned by individuals as of July 1 each year. The DMV is required to supply these itemized lists to the Tax Assessor by October 1 of the same year. This new requirement is intended to enhance the accuracy and efficiency of personal property assessments, ensuring that the Tax Assessor has access to up-to-date information regarding motor vehicle ownership.

Additionally, the bill amends existing legal language in the Code of West Virginia to include provisions for the Tax Assessor to enter the personal property owned as listed by the DMV into their records. This includes a new article, designated 17A-3B-1, which specifically addresses the provision of personal property lists to tax assessors. The changes aim to improve the overall assessment process and ensure that all motor vehicle personal property is accurately accounted for in tax assessments.

Statutes affected:
Introduced Version: 11-3-1, 11-5-2, 17A-3B-1