This bill aims to amend the Code of West Virginia by introducing a new section, 11-1C-9a, which establishes guidelines for the fair and equitable assessment of real property. The Legislature recognizes that arbitrary and unjustified increases in property assessments can be unfair and intends to make such practices unlawful. The bill emphasizes that property assessments should not be increased solely to create new revenue sources and mandates that any increases must be based on a periodic evaluation and inspection of the property.

Specifically, the bill stipulates that increases in assessed property values can only occur following a thorough review conducted every three years, as outlined in existing law. Furthermore, any reasons for increased assessments must be justified and made publicly available, ensuring transparency in the assessment process. This legislative measure seeks to protect property owners from unjust assessments and promote fairness in property valuation practices.

Statutes affected:
Introduced Version: 11-1C-9a