Classes of Property

The Tax Limitation Amendment of 1932 defines the four classes of property in West Virginia and provides for the maximum levy rate that is to be charged on each class.

For the purpose of levies, WV Code §11-8-5 classifies property as follows:

Class I     –    No longer taxable.

Class II    –     All property owned, used and occupied by the owner exclusively for residential purposes; all farms, including land used for horticulture and grazing, occupied and cultivated by their owners or bona fide tenants.

Class III   –     All real and personal property situated outside of municipalities, exclusive of Classes I and II.

Class IV  –     All real and personal property situated inside of Municipalities, exclusive of Classes I and II.