Selling a Home in West Virginia
West Virginia sellers pay the State Excise Tax on the Privilege of Transferring Real Property of $1.10 per $500 of sale price (0.22%), plus a county transfer tax that typically adds another $0.55 per $500 (~0.11%). Counties may set rates higher; confirm locally. The combined tax is customarily paid by the seller at recording. On top of the transfer tax, sellers pay agent commissions, the owner's title insurance policy, attorney fees, and recording fees.
West Virginia Transfer Tax & Closing Costs
West Virginia uses an attorney-closing model. The seller customarily pays the state and county transfer tax and the owner's title insurance policy. Attorney fees are negotiable.
How to Estimate Your West Virginia Net Proceeds
- Sale Price: Start with the agreed-upon contract price.
- Mortgage Payoff: Subtract your remaining loan balance and accrued interest through closing.
- Transfer Taxes: Apply the state, county, and any municipal transfer tax owed by the seller.
- Closing Costs: Deduct commissions, owner's title insurance, attorney/escrow, and recording fees.
West Virginia Net Proceeds = Sale Price − Mortgage Payoff − Commissions − Transfer Taxes − Closing Costs
