In accordance with provisions of WV Code Chapter 11, Article 3, Section 2
Code Reference; WV Code Chapter 11, Article 3, Section 12
Code Reference; and WV Code Chapter 11, Article 3, Section 15
Code Reference; all persons owning or controlling real or personal property
subject to property taxation are required to render a property tax return to the Assessor.
Among other items, this requirement includes the reporting of aircraft. In this regard, owners
of any aircraft are to verify the make, model, model number, year, registration tail number and the
acquistion cost of such aircraft. If you are a business owner, this information should be reported
under Schedule E of the business property return.
In addition, WV Code Chapter 11, Article 6H, Section 1
Code Reference provides that the value of special aircraft
property shall be its salvage value. Special aircraft property is defined to be "...all aircraft
owned or leased by commercial airlines or private carriers." Private carrier means "...any
firm, partnership, joint venture, joint stock company, any public or private corporation,
cooperative, trust, business trust or any other group or combination acting as a unit that is
engaging in a primary business other than commercial air transportation that operates an
aircraft for the transportation of employees or others for business purposes. If you have
reported aircraft on Schedule E, which you believe to be special aircraft property, enter the
dollar value of the aircraft at 100 percent (100%) of acquisition cost.