West Virginia Code of State Rules › Agency 110 - Tax › Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT › Series 110-03 - Exemption Of property from ad valorem property taxation › Section 110-3-4 - Statutory Exemptions From AdValorem Property Taxes

Current through Register Vol. XLI, No. 28, July 12, 2024
4.1. Exemptions provided by W. Va. Code
				'11-3-9.
				Section '11-3-9
				of the West Virginia Code exempts specific property from ad valorem property
				taxation, pursuant to the grant of authority in W. Va. Const. Art. X, '1. It
				therefore is necessary that each exemption provided in W. Va. Code
				'11-3-9
				be authorized by the West Virginia Constitution. This list of exemptions
				includes the following property:
4.1.1.
				Property belonging to the United States, other than property permitted by the
				United States to be taxed under state law.
4.1.2. Property belonging exclusively to the
				State of West Virginia.
4.1.3.
				Property belonging exclusively to any county, district, city, village or town
				of the State of West Virginia, and used for public purposes.
4.1.4. Property located in this State
				belonging to any city, town, village, county or any other political subdivision
				of another state, and used for public purposes.
4.1.5. Property used exclusively for divine
				worship.
4.1.6. Parsonages, and the
				household goods and furniture pertaining thereto.
4.1.7. Mortgages, bonds and other evidences
				of indebtedness in the hands of bona fide owners and holders and issued and
				sold by churches and religious societies for the purpose of securing money to
				be used in the erection of church buildings used exclusively for divine
				worship, or for the purpose of paying indebtedness thereon.
4.1.8. Cemeteries.
4.1.9. Property belonging to or held in trust
				for, colleges, seminaries, academies and free schools, if used for educational,
				literary or scientific purposes, including books, apparatus, annuities and
				furniture.
4.1.10. Property
				belonging to, or held in trust for, colleges or universities located in West
				Virginia, or any public or private nonprofit foundation or corporation which
				receives contributions exclusively for such college or university, if the
				property or dividends, interest, rents or royalties derived therefrom are used
				or devoted to educational purposes of such college or university .
4.1.11. Public and family
				libraries.
4.1.12. Property used
				for charitable purposes, and not held or leased out for profit.
4.1.13. Property used for the public purposes
				of distributing water or providing sewer services by a duly chartered nonprofit
				corporation when such property is not held, leased out, or used for
				profit.
4.1.14. Property used for
				area economic development purposes by nonprofit corporations when such property
				is not leased or held out for profit.
4.1.15. All real estate not exceeding one
				half acre in extent, and the buildings thereon, used exclusively by any college
				or university society as a literary hall, or as a dormitory or club room, if
				not leased or otherwise used with a view to profit.
4.1.16. All property of benevolent
				associations, not conducted for private profit.
4.1.17. Property belonging to any public
				institution for the education of the deaf, dumb or blind.
4.1.18. Property belonging to any hospital
				not held or leased out for profit.
4.1.19. House or refuge, lunatic or orphan
				asylum.
4.1.20. Homes for children
				or for the aged, friendless or infirm, not conducted for private
				profit.
4.1.21. Fire engines and
				implements for extinguishing fires, and property used exclusively for the
				safekeeping thereof, and for the meeting of fire companies.
4.1.22. All property on hand to be used in
				the subsistence of livestock on hand at the commencement of the assessment
				year.
4.1.23. Household goods to
				the value of two hundred dollars ($200.00), whether or not used for
				profit.
4.1.24. Bank deposits and
				money.
4.1.25. Household goods,
				when not held or used for profit.
4.1.26. Personal effects when not held or
				used for profit.
4.1.27. Dead
				victuals laid away for family use.
4.1.28. Any other property or security
				exempted by any other provision of state or federal law.