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2021 West Virginia Code
Chapter 36. Estates and Property
Article 9. West Virginia Real Estate Time-Sharing Act
§36-9-26. Taxation
Universal Citation: WV Code § 36-9-26 (2021)
For purposes of local real property taxation, each time-sharing unit, other than an unit operated for time- share use, shall be valued in the same manner as if such unit were owned by a single taxpayer. The total cumulative purchase price paid by the time-share owners for a unit shall not be utilized by the local assessing officers as a factor in determining the assessed value of such unit. A unit operated as a time-share use, however, may be assessed the same as other income-producing and investment property. Tax records in a time-share unit shall be in the name of the association or the managing agent.
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