Senior Citizen Homestead Valuation Amendment

This bill proposes a constitutional amendment to lock the assessed value of a primary residence for West Virginia homeowners aged 65 or older. It would prevent future property tax increases based on rising market values by fixing the taxable value at either the age the owner turned 65 or the date they purchased the home - whichever occurred later. The amendment, if approved by voters in 2026, would replace current rules requiring periodic statewide reappraisals for these properties. It directly affects senior homeowners who occupy their property as a primary residence and are subject to ad valorem property taxes.