A steel shear wall with double-tapered links and in-plane reference was developed for assisting the assessment of the structural condition of a building after an earthquake while maintaining the original role of the wall as a passive damper device. The double-tapered link subjected to in-plane shear deformation is designed to deform torsionally after the onset of local buckling and works as an indicator of the maximum shear deformation sustained by the shear wall during an earthquake. This paper first examines the effectiveness of double-tapered links in the assessment of the structural condition under various types of loading. A design procedure using a baseline incremental two-cycle loading protocol is verified numerically and experimentally. Meanwhile, in-plane reference links are introduced to double-tapered links and greatly enhance objectivity in the inspection of notable torsional deformation with the naked eye. Finally, a double-layer system, which consists of a layer with double-tapered links and a layer with rectangular links made of low-yield-point steel, is tested to demonstrate the feasibility of realizing both structural condition assessment and enhanced energy dissipation.