Terms Used In West Virginia Code > Chapter 11 > Article 6K - Assessment of Industrial Property and Natural Resources Property

• Active coal mining property: means a mineable bed of coal on a property or portion of a property involved in a permitted mining operation. See West Virginia Code 11-6K-2
• Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
• Appraisal: A determination of property value.
• Commissioner: means the State Tax Commissioner. See West Virginia Code 11-22-1
• Corporation: means a corporation or joint-stock association, organized under the laws of this state, the United States or any other state, territory or foreign country or dependency including, but not limited to, banking institutions. See West Virginia Code 11-22-1
• in writing: includes any representation of words, letters, or figures, whether by printing, engraving, writing, or otherwise. See West Virginia Code 2-2-10
• Industrial property: means the real and personal property integrated as a functioning unit intended for the assembling, processing and manufacturing of finished or partially finished products. See West Virginia Code 11-6K-2
• Limited liability company: means a limited liability company organized under the laws of this state, the United States or by any other state, territory or the District of Columbia. See West Virginia Code 11-22-1
• Managed timberland: means surface real property, except farm woodlots, of not less than ten contiguous acres which is devoted primarily to forest use and which, in consideration of its size, has sufficient numbers of commercially valuable species of trees to constitute at least forty percent normal stocking of forest trees which are well distributed over the growing site, and that is certified as managed timberland by the Division of Forestry. See West Virginia Code 11-6K-2
• Natural gas-producing property: means the property from which natural gas has been produced or extracted at any time during the calendar year preceding the assessment date. See West Virginia Code 11-6K-2
• Natural resources property: means any of the following: Active coal mining property, reserve coal property, natural gas-producing property, oil-producing property, managed timberland or other natural resources property. See West Virginia Code 11-6K-2
• Oil-producing property: means property from which oil has been produced or extracted at any time during the calendar year preceding the assessment date. See West Virginia Code 11-6K-2
• Operator: means an individual, limited liability company, partnership, corporation, joint venture or other enterprise which proposes to or does locate, drill, produce, manage or abandon any oil and/or natural gas well or which is engaged in actively obtaining or preparing to obtain coal and/or its by-products from the earth'. See West Virginia Code 11-6K-2
• Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
• Person: means every natural person, association or corporation. See West Virginia Code 11-22-1
• Producer: means the person who is actually engaged in the agriculture, horticulture and grazing which gives existence and fruition to products of agriculture as distinguished from the broker or middleman. See West Virginia Code 11-5-3
• Reserve coal property: means any property for which coal rights are part of the owned estate and which is not part of an active coal mining property. See West Virginia Code 11-6K-2
• Tax year: means the calendar year following the July first assessment day or, in the case of a public service business assessed pursuant to article six of this chapter, the calendar year beginning on the January first assessment day. See West Virginia Code 11-5-3
• Value: means in the case of any document not a gift, the amount of the full actual consideration for the document, paid or to be paid, including the amount of any lien or liens assumed. See West Virginia Code 11-22-1