WVC 11 - 1 C- 11 C
§11-1C-11c. Valuation of oil and gas drilling rigs.
Notwithstanding any provision of this code to the contrary and
to facilitate the equal and uniform taxation of oil and natural gas
drilling rigs throughout the state, the State Tax Commissioner
shall annually compile a schedule of oil and natural gas drilling
rig values based on the values shown in a nationally recognized
guide or bulletin published during the calendar year that includes
the assessment date, using the appropriate depth rating assigned to
the drawworks by its manufacturer and the actual condition of the
drilling rig. The State Tax Commissioner shall furnish the
schedule to each assessor and it shall be used by him or her as a
guide in placing the assessed values on all oil and natural gas
drilling rigs in his or her county. This section applies to
assessment years beginning on and after July 1, 2011.