Senate Bill No. 241
(By Senators Craigo, Dittmar, Kessler, Anderson, Sharpe, Ross,
Love, Ball, Hunter, Sprouse, Buckalew, Kimble, Minear, Boley,
Scott, Dugan, Bailey, Walker, Prezioso, Fanning, Helmick and
Tomblin, Mr. President)
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[Introduced January 29, 1998; referred to the Committee
on the Judiciary; and then to the Committee on Finance.]
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A BILL to amend and reenact section one-b, article three, chapter
eleven of the code of West Virginia, one thousand nine
hundred thirty-one, as amended, relating to providing that
the sale of one lot does not change the value of the
remaining recorded plan for tax purposes.
Be it enacted by the Legislature of West Virginia:
That section one-b, article three, chapter eleven of the
code of West Virginia, one thousand nine hundred thirty-one, as
amended, be amended and reenacted to read as follows:
ARTICLE 3. ASSESSMENTS GENERALLY.
§11-3-1b. Recordation of plat or designation of land use not to be basis for assessment.
The recordation of a plan or plat, or the designation of
proposed land use by a county or municipal planning authority
shall not be used by the assessor as a basis in the valuation or
assessment of real property for the purposes of taxation. until
such time as the actual use of such real property or any part
thereof, has changed to correspond to the plan, plat or proposed
use. The sale of a portion of a recorded plan or plat shall not
change the valuation or assessment of the unsold portions of the
plan or plat for the purposes of taxation. The valuation or
assessment of the unsold portions of the plan or plat for the
purposes of taxation shall remain at the rate and value which
existed prior to recording of the plan or plat.
NOTE: The purpose of this bill is to provide that the sale
of one lot does not change the value of the remaining recorded
plan for tax purposes.
Strike-throughs indicate language that would be striken from
the present law, and underscoring indicates new language that
would be added.