The West Virginia homestead exemption for property tax relief purposes protects eligible senior and disabled homeowners by:
Correct Answer
A) Reducing the assessed value of the primary residence by $20,000 for property tax purposes
Under WV Code §11-6B-1 et seq., West Virginia's Homestead Exemption for property tax relief reduces the assessed value of a qualified homeowner's primary residence by $20,000. To qualify, the homeowner must be 65 years of age or older, or permanently and totally disabled, and must occupy the property as their primary residence. This exemption is distinct from bankruptcy exemptions and does not protect against creditor claims — it solely provides property tax relief.
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Related Topics & Key Terms
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Key Terms:
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