Study of public school tax revenue losses due to current tax appraisals of selected West Virginia coal lands

Thesis/Dissertation · Sun Jan 01 04:00:00 EST 1984

OSTI ID:6045972

Froehlich, L G

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.

• OSTI ID: 6045972
• Country of Publication: United States
• Language: English

Related Subjects

01 COAL, LIGNITE, AND PEAT
015000* -- Coal
Lignite
& Peat-- Economic
Industrial
& Business Aspects
29 ENERGY PLANNING, POLICY, AND ECONOMY
290200 -- Energy Planning & Policy-- Economics & Sociology
294001 -- Energy Planning & Policy-- Coal
APPRAISAL
BUDGETS
COAL DEPOSITS
COAL PRODUCING DISTRICTS
EDUCATIONAL FACILITIES
FEDERAL REGION III
GEOLOGIC DEPOSITS
INCOME
LAND RESOURCES
LOSSES
MINERAL RESOURCES
NORTH AMERICA
PROPERTY VALUES
RESOURCES
TAXES
USA
WEST VIRGINIA