Limit amount a county tax assessor can increase assessed value of antique or classic cars

HB 3057 would limit how much a county tax assessor can increase the property tax value of antique or classic cars each year in West Virginia. To raise a car's assessed value, the tax assessor must provide written justification based on inflation, the cost-of-living index, or actual market activity for antique/classic cars - not simply the county's revenue needs. This justification must be given to the vehicle owner before any increase takes effect. The bill directly affects owners of antique or classic cars in West Virginia counties by requiring transparency in tax assessments.