W. Va. Code R. § 110-1J-1
General
1.1. Scope. -- This rule provides the mass appraisal methodology the State Tax Commissioner shall use to determine the appraised value of producing and reserve oil and natural gas properties for ad valorem tax purposes.
1.2. Authority. -- W. Va. Code §§11-1C-5(b), 11-1C-5a, and 11-1C-10(d).
1.3. Filing date. -- April 24, 2023.
1.4. Effective date. -- April 24, 2023.
1.5. Sunset Provision. -- This rule shall terminate and have no further force or effect on August 1, 2028.
Amendment history
4/24/2023
Source: view the official text
Nearby sections (25 sections)
- 110-1H-6 · Timberland Improvements
- 110-1H-7 · Appraised Value of Timberland
- 110-1H-8 · Valuation of Less Than 10 Acres
- 110-1H-9 · Harvest Volumes Per Acre
- 110-1H-10 · Appraised Value Per Acre of Managed Timberland
- 110-1H-11 · Procedure for Determining Value Per Acre of Managed…
- 110-1H-12 · Capitalization Rate
- 110-1H-13 · Summary of Method of Determining Appraised Value
- 110-1I-1 · General
- 110-1I-2 · Introduction
- 110-1I-3 · Definitions
- 110-1I-4 · Valuation Methods
- 110-1J-1 · General
- 110-1J-2 · Introduction
- 110-1J-3 · Definitions
- 110-1J-4 · Methods of Valuation
- 110-1J-5 · Yield Capitalization Model
- 110-1J-6 · Gross proceeds
- 110-1J-7 · Actual Annual Operating Costs
- 110-1J-8 · Default method of valuation
- 110-1J-9 · Annual property returns
- 110-1J-10 · Annual reports of variables
- 110-1J-11 · Confidentiality
- 110-1K-1 · General
- 110-1K-2 · Introduction