Your monthly support provides voters the knowledge they need to make confident decisions at the polls. Donate today.

West Virginia Homestead Exemption Increase Amendment (2016)

From Ballotpedia
Jump to: navigation, search
Homestead Exemption Increase Amendment
Flag of West Virginia.png
Election date
November 8, 2016
Topic
Taxes
Status
Not on the ballot
Type
Constitutional amendment
Origin
State legislature

The West Virginia Homestead Exemption Increase Amendment was not put on the November 8, 2016, ballot in West Virginia as a legislatively referred constitutional amendment. The measure, upon voter approval, would have increased the state's property tax homestead exemption from $20,000 to $30,000. Also, the amendment would have provided a formula for calculating homestead exemptions for a household living at 200 percent of the federal poverty line or below. Under the amendment, homeowners below this line would have had an exemption of $30,000 or "fifty percent of the average home sale price for the five years immediately preceding the assessment in the county where the residence is located," whichever was greater.[1]

Text of measure

Ballot title

The proposed ballot title was:[1]

Homestead Exemption Increase Amendment[2]

Ballot summary

The proposed ballot summary was:[1]

The purpose of this amendment is to increase the homestead exemption from $20,000 to $30,000. If the homeowner’s federal adjusted gross income is equal to or less than two hundred percent of the federal poverty level the exemption shall be the greater of $30,000 or fifty percent of the average sale price of homes in that county during the five preceding years, provided that the exemption may not be greater than fifty percent of the average sale price of homes in the state during those five preceding years.[2]

Path to the ballot

See also: Amending the West Virginia Constitution

The amendment needed to be approved by a two-thirds (66.67%) vote in both chambers of the West Virginia Legislature in order to appear on a ballot.

The West Virginia Legislature's 2015 session ended on March 15, 2015, without the bill passing both chambers. Legislators had the opportunity to reintroduce the bill during the 2016 legislative session, which was projected to begin on January 13, 2016, and run through March 12, 2016.

See also

External links

Footnotes

  1. 1.0 1.1 1.2 West Virginia Legislature, "House Joint Resolution 3," accessed February 25, 2015
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributable to the original source.