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.
Structure West Virginia Code
Chapter 36. Estates and Property
Article 9. West Virginia Real Estate Time-Sharing Act
§36-9-5. Contracts for Purchase of Time-Share Periods
§36-9-6. Public Offering Statement
§36-9-7. Escrow Accounts; Surety Bonds; Nondisturbance Instruments
§36-9-8. Reservation Agreements; Escrows
§36-9-10. Advertising Materials
§36-9-11. Recordkeeping by Seller
§36-9-13. Discharge of Managing Entity
§36-9-14. Assessment of Common Expenses
§36-9-15. Liens for Overdue Assessments; Mechanic’s Liens, Insurance
§36-9-15a. Trustee’s Sale of Timeshare Estates
§36-9-16. Transfer of Seller's Interest to Third Party
§36-9-18. License Required to Sell
§36-9-19. Purchaser's Remedies
§36-9-23. Regulation by Division
§36-9-24. Annual Fee for Each Time-Share Period in Plan