West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-01J - Valuation of Producing and Reserve Oil, Natural Gas Liquids, and Natural Gas for Ad Valorem Property Tax Purposes
Section 110-1J-1 - General

Universal Citation: 110 WV Code of State Rules 110-1J-1

Current through Register Vol. XLI, No. 38, September 20, 2024

1.1. Scope. -- This rule provides the mass appraisal methodology the State Tax Commissioner shall use to determine the appraised value of producing and reserve oil and natural gas properties for ad valorem tax purposes.

1.2. Authority. -- W. Va. Code §§ 11-1C-5(b), 11-1C-5a, and 11-1C-10(d).

1.3. Filing date. -- April 24, 2023.

1.4. Effective date. -- April 24, 2023.

1.5. Sunset Provision. -- This rule shall terminate and have no further force or effect on August 1, 2028.

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