W. Va. Code R. § 110-12D-10

Current through Register Vol. XLI, No. 50, December 13, 2024

Section 110-12D-10 - Property Tax Returns and Reports

10.1. General.--Persons engaged in business activity in this State who own property located in this State are required to file property tax returns or reports with the county assessor in the fall of each calendar year. Appendix B of this rule sets forth additional information about these returns or reports and the date they are due.

10.2. Property appraised by Tax Commissioner.--The appraised value of natural resource property and manufacturing property is determined by the Tax Commissioner. The appraised values of these properties are provided to the county assessor of the county in which the property is located. The county assessor then determines the assessed value of the property based upon the appraised value provided by the Tax Commissioner. Owners of property appraised by the Tax Commissioner are also required to annually file certain returns or reports with the Tax Commissioner. Appendix B of this rule sets forth additional information on these returns and reports and their due dates.

10.3. Public service business - operating property.--Owners and operators of public service businesses are required to file a return with the Board of Public Works by the first day of May each year. If the public service business owns property that is not subject to assessment by the Board of Public Works -- nonoperating property shall be reported the county assessor.

10.4. Penalties for failure to timely report property. -- When property is not returned to the county assessor, the Tax Commissioner or the Board of Public Works, as required by law, the appraised and assessed values of that property are determined using information available to the appraiser or assessor, and the owner forfeits the right to contest the property taxes levied on the property. Additionally, the Tax commissioner may impose and collect money penalties, called forfeiture penalties, as provided in W. Va. Code § 11-3-10.

W. Va. Code R. § 110-12D-10