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Property OwnershipHomestead ExemptionMEDIUM

The West Virginia homestead exemption for property tax relief purposes protects eligible senior and disabled homeowners by:

Correct Answer

B) 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.

Answer Options
A
Exempting the full assessed value of the primary residence from taxation
B
Reducing the assessed value of the primary residence by $20,000 for property tax purposes
C
Protecting the primary residence from all creditor claims
D
Exempting rental income generated by the primary residence from taxation

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Related Topics & Key Terms

Related Topics:

property-tax-assessmentbankruptcy-protectionunsecured-creditorsWV-Code-11-6B

Key Terms:

homestead exemption$20,000 assessed valueproperty tax reliefseniordisabledWV Code §11-6B-1primary residence
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