This bill proposes an amendment to the Code of West Virginia, specifically targeting the homestead property tax exemption. It introduces an additional $20,000 exemption for West Virginia citizen farmers who derive more than 50% of their income from their farming activities. This new provision is intended to support local farmers by reducing their property tax burden, thereby encouraging agricultural production within the state.

The bill retains the existing $20,000 homestead exemption for property owners aged 65 or older or those who are permanently and totally disabled, while adding the new exemption for qualifying farmers. The language of the bill specifies that this additional exemption will be applicable to the property tax of eligible farmers, thereby expanding the benefits of the homestead exemption to a broader group of residents engaged in farming.

Statutes affected:
Introduced Version: 11-6B-3