Personal Property is assessed at 60% of the loan value from the National Automobile Dealers
Association (NADA), as mandated by the State Tax Commissioner. Examples include cars, trucks,
motorcycles, ATV's, motor homes, campers, boats, trailers, etc.... State law requires that
residents pay yearly taxes on these types of property, even if such property is not licensed,
but titled with the Department of Motor Vehicles (DMV). West Virginia law requires property
to be assessed at 60% of the market value. The system will compute 60% of the value and apply
the appropriate levy rate.
DO NOT LIST LEASED VEHICLES. Most leasing companies send a rendition of all leased vehicles
to our office each July. Verify with your leasing company who is responsible for rendering
your vehicle for taxation. This will prevent double assessments.