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West Virginia Tax Classifications

West Virginia's property tax system, as outlined in the state's constitution, categorizes property into four distinct classes, each with its specific scope and applicability. This classification system is integral to understanding how property taxes are levied and calculated in the state.

Class 1 Property

Originally intended for intangible personal property and certain personal property used exclusively in agriculture, Class I currently has no property taxed under this classification. This class, though defined, is effectively dormant in the current tax structure.

Class 2 Property

Class II encompasses two primary types of properties: owner-occupied residential properties used exclusively for residential purposes, and all farm land used for agricultural purposes either by its owner or a bona fide tenant. This classification is significant for homeowners as it directly pertains to residential properties and includes agricultural land, acknowledging the state's rural and agricultural heritage.

Class 3 Property

Class III is a broad category that includes all real and personal property located outside of municipalities, except those that fall under Class II or Class III. This classification is expansive, covering a wide range of properties from rural residential properties to commercial and industrial properties situated outside municipal boundaries.

Class 4 Property

Class IV is similar to Class III in terms of the type of properties it includes, but it specifically pertains to property situated within municipalities. This class captures all properties within city or town limits that are not classified as Class II or III. It is a crucial category for urban and suburban properties, including residential, commercial, and industrial properties in municipal areas.