Relating to effects on regular levy rates when appraisal results in tax increase and public hearings

SB 700 repeals Section 11-8-6e of West Virginia law, which previously governed how property tax increases from appraisals affected regular levy rates and required public hearings. This bill removes a specific provision that mandated local governments to adjust tax rates or hold public hearings when property appraisals led to higher tax bills. It directly affects property tax assessment procedures across West Virginia by eliminating this requirement. The repeal is procedural, with no new policy changes, simply removing an existing administrative rule from state code.