Real Property Assessments
Real property is assessed at 60% of the estimated market value as of July 1st of each year. All real property, whether subject to property taxes or not, is listed and valued in the land book of the Assessor’s Office.
All persons owning or controlling real or personal property who are subject to taxation are asked to update property information between July 1st and October 1st of each year. Corporations, LLCs and LLPs and Unincorporated businesses, with the exception of agriculture, are required to render their returns by September 1st.
Improvements or Additions to Real Property
Any person, business or other type of real property owner subject to property tax must inform the Assessor’s Office if any building or structure is erected, added to, enlarged, moved, demolished or altered in any way that could improve the property value by more than $1,000. This notification must be given within sixty days after the completion of such improvements (WV Code §11-3-3a). Use form LGR 12:75 to notify our office of any such improvements. If a building permit was obtained, the building permit can be substituted for form LGR 12:75.
Notification of Increase
The Assessor must notify all owners of real property if the assessed value is increased by 10% and $1000 or more over the prior assessment. The notice must be sent by mail at least 15 days prior to the first meeting of the Board of Review and Equalization. (West Virginia Code §11-3-2a)