This bill aims to streamline the process of personal property 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 lists to the Tax Assessor by October 1 of the same year, ensuring that the assessment of taxes on motor vehicle personal property is based on accurate and up-to-date information. This new requirement is intended to enhance the efficiency and accuracy of property tax assessments.

Additionally, the bill amends existing legal language in the Code of West Virginia, specifically in sections 11-3-1 and 11-5-2, to incorporate the new provisions regarding the acquisition of motor vehicle ownership records. The Tax Assessor is now required to include the personal property owned as listed by the DMV in their assessment records. This change is expected to improve the overall assessment process and ensure that all personal property is accurately accounted for in tax calculations.

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