West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-01N - Valuation Of vehicles, watercraft, And aircraft For ad valorem property tax purposes
Section 110-1N-5 - Valuation of Watercraft

Universal Citation: 110 WV Code of State Rules 110-1N-5

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

5.1. The Tax Commissioner shall direct the purchase of nationally recognized comprehensive price listing service for watercraft such as power boats, bass boats, canoes, row boats, pontoon boats, cabin cruisers, etc., as the basis of appraised values. The Tax Commissioner shall supply this listing to each county assessor for use in determining the appraised value of watercraft.

5.2. Older watercraft models which are excluded from recognized appraisal guides because of their age, shall have their last appraised value depreciated by ten percent (10%) per year until the value reaches two hundred dollars ($200). Thereafter, the appraised value will remain constant for so long as the vehicle is owned by the taxpayer.

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