West Virginia Code of State Rules
Agency 110 - Tax
Title 110 - LEGISLATIVE RULE STATE TAX DEPARTMENT
Series 110-04 - Valuation Of Percentage Of Completion Of Improvements And Infrastructure Development In A Recorded Plan Or Plat
Section 110-4-3 - Recordation of a Plan or Plat Not To Be Used As A Basis of Assessments
Universal Citation: 110 WV Code of State Rules 110-4-3
Current through Register Vol. XLI, No. 38, September 20, 2024
3.1. 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 of assessment except in accordance with the following requirements.
3.1.1. When a lot or parcel within the
recorded plan or plat is sold the assessor or the Tax Commissioner shall
revalue the sold lot at market value.
3.1.2. When a lot or parcel contained within
the recorded plan or plat is first developed and used for a residential,
commercial, or industrial purpose, the assessor or Tax Commissioner shall
revalue the lot or parcel based upon its actual use.
3.1.3. The remaining lots within the recorded
plan or plat will not in any case be revalued by the assessor or Tax
Commissioner based solely on sales of other lots in the recorded plan or
plat.
Disclaimer: These regulations may not be the most recent version. West Virginia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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