Definitions

2.1. AActual use@ means the land use of a recorded plan or plat as of the assessment date, and which will be the basis of valuation for the ensuing tax year.

2.2. "Commercial land" means recorded lots used primarily for commercial or business purposes.

2.3. ACommissioner@ or "Tax Commissioner" means the West Virginia State Tax Commissioner, or his or her delegate.

2.4. AComparable Lots@ means lots contained in a filed plan or plat that are similarly situated and developed to or whose selling price has been adjusted to render them similarly situated and developed, to other lots, the value of which are being estimated for property tax purposes.

2.5. ACost of development of recorded plan or plat@ means the costs of developing a tract or tracts of land to its highest and best use. These costs include but are not limited to (1) raw land; and (2) site development, which include streets, sewers, water service, site preparation, and planning.

2.6. "County assessor@ means the Assessor, or his or her delegate who determines the valuation of lots after the recordation of a plan or plat.

2.7. "Improvements and infrastructure development@ means improvements made to the lots in a recorded plan or plat and includes but is not limited to (1) roads; (2) sewage disposal and water supplies; (3) and electric, telephone and other utilities.

2.8. "Industrial land@ means recorded lots used primarily for industrial or manufacturing purposes.

2.9. APercentage of completion@ is the amount of completed or in-place improvements or infrastructure development made to lots in a recorded plan or plat and expressed in terms of a percentage of the total estimated costs of improvements and infrastructure development, as determined annually by the county assessor.

2.10. "Plan or Plat@ means the recorded instrument indicating the proposed land use of a certain defined tract of land.

2.11. AProposed land use@ means the land use as designated by a county or municipal planning authority for a recorded plan or plat.

2.12. ARaw land@ means the land recorded in a plan or plat that has not been improved or developed with any improvements or infrastructures; but does not include land certified as being eligible for managed timberland valuation treatment or land used as a Class II active farm receiving farm use valuation treatment under provisions of the Tax Department=s legislative rule 110 C.S.R. 1A, Valuation of Farmland and Structures Situated Thereon For Ad Valorem Property Tax Purposes.

2.13. "Residential land@ means recorded lots used for residential purposes.