The West Virginia real estate transfer tax is:
Correct Answer
B) $2.20 per $500 of consideration (combined state and county maximum)
Under WV Code §11-22-2, West Virginia imposes a state excise tax of $1.10 per $500 (or fraction thereof) of consideration on real estate transfers. In addition, counties are authorized to levy an excise tax of up to $1.10 per $500 of consideration, bringing the combined maximum rate to $2.20 per $500. The $3.30 figure is incorrect. The tax is typically paid at closing and is generally the responsibility of the grantor unless otherwise negotiated.
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