SEMA eNews Vol. 14, No. 4, January 27, 2011

West Virginia Bills to Lower Personal Property Tax Assessments on Antique Motor Vehicles

Identical bills in the West Virginia Legislature to provide owners of antique motor vehicles with a fair and equitable personal property tax assessment have been introduced and referred to the House Roads and Transportation Committee. The bills seek to address recent unfair valuation practices, which have negatively impacted many West Virginia hobbyists. West Virginia law defines an "antique motor vehicle" as any motor vehicle that is more than 25 years old and is owned solely as a collector's item. Both measures provide that for the purposes of the property tax, the assessed value of an antique vehicle cannot exceed $200.

For more information, click here. For details, contact Steve McDonald at stevem@sema.org.

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