147. What does the Class II mean for our homeowners association?

Article X of the West Virginia Constitution defines property, and the “class” outlined by West Virginia Property Tax Classifications:

  1. Class I: Intangible personal property and certain personal property employed exclusively in agriculture. [No property is currently taxed in this classification.]
  2. Class II: Owner-occupied residential property used exclusively for residential purposes and all farm land used for agricultural purposes by its owner or bona fide tenant.
  3. Class III: All real and personal property situated outside a municipality that is not taxed in Class I or Class II.
  4. Class IV: All property situated inside a municipality that is not taxed in Class I or Class II.

source: WV Constitution