West Virginia Tax Department Proposes Property Tax Regulations on Valuation of Wireless Communications Transmission Towers

The West Virginia State Tax Department Jan. 28 proposed a property tax regulation concerning usage of the special valuation method by the Tax Commissioner and the Board of Public Works for determining the assessed value of wireless communications transmission towers. The proposal includes measures to: 1) define terms used in the regulation; 2) determine the assessed values of all towers constructed or erected between July 1, 2019, and July 1, 2024 will be appraised at salvage value, or 5 percent of the original cost of the tower; 3) provide the property tax return filing due date of May 1 annually; ...