Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands
Abstract
The purpose of this study was 1) to compare the West Virginia State Tax Department's method of appraising coal property to the requirements of the West Virginia State Code; 2) to develop an alternative appraisal formula for West Virginia coal property, and 3) to compare the property tax revenue of identified West Virginia counties using the current appraisal formula and the formula developed through the study. A modified coal property appraisal formula was developed. The modified formula was sent to coal producing states, professional appraisers, and engineers for comments. The study then took coal property data from 12 West Virginia counties and applied the current and the modified formulas. The result of the modification applied to 12 of the 34 coal producing counties produced an additional 6.6 million dollars in tax revenue. The major conclusion was that a vast amount of tax revenue is available from property taxes but is not being collected due to the inaccurate property appraisals by the State Tax Department. Large sums of property tax revenue should be available without creating new tax laws or raising levy rates, but by following the West Virginia Code.
- Authors:
- Publication Date:
- OSTI Identifier:
- 6045972
- Resource Type:
- Thesis/Dissertation
- Resource Relation:
- Other Information: Thesis (Ph. D.)
- Country of Publication:
- United States
- Language:
- English
- Subject:
- 01 COAL, LIGNITE, AND PEAT; 29 ENERGY PLANNING, POLICY AND ECONOMY; COAL DEPOSITS; PROPERTY VALUES; COAL PRODUCING DISTRICTS; TAXES; EDUCATIONAL FACILITIES; BUDGETS; LOSSES; WEST VIRGINIA; APPRAISAL; INCOME; LAND RESOURCES; FEDERAL REGION III; GEOLOGIC DEPOSITS; MINERAL RESOURCES; NORTH AMERICA; RESOURCES; USA; 015000* - Coal, Lignite, & Peat- Economic, Industrial, & Business Aspects; 294001 - Energy Planning & Policy- Coal; 290200 - Energy Planning & Policy- Economics & Sociology
Citation Formats
Froehlich, L G. Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands. United States: N. p., 1984.
Web.
Froehlich, L G. Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands. United States.
Froehlich, L G. 1984.
"Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands". United States.
@article{osti_6045972,
title = {Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands},
author = {Froehlich, L G},
abstractNote = {The purpose of this study was 1) to compare the West Virginia State Tax Department's method of appraising coal property to the requirements of the West Virginia State Code; 2) to develop an alternative appraisal formula for West Virginia coal property, and 3) to compare the property tax revenue of identified West Virginia counties using the current appraisal formula and the formula developed through the study. A modified coal property appraisal formula was developed. The modified formula was sent to coal producing states, professional appraisers, and engineers for comments. The study then took coal property data from 12 West Virginia counties and applied the current and the modified formulas. The result of the modification applied to 12 of the 34 coal producing counties produced an additional 6.6 million dollars in tax revenue. The major conclusion was that a vast amount of tax revenue is available from property taxes but is not being collected due to the inaccurate property appraisals by the State Tax Department. Large sums of property tax revenue should be available without creating new tax laws or raising levy rates, but by following the West Virginia Code.},
doi = {},
url = {https://www.osti.gov/biblio/6045972},
journal = {},
number = ,
volume = ,
place = {United States},
year = {Sun Jan 01 00:00:00 EST 1984},
month = {Sun Jan 01 00:00:00 EST 1984}
}