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West Virginia has an effective property tax rate of 0.55%, producing an average annual bill of $726. The US national average is 1.07% — West Virginia's rate is well below, placing it at rank #9 out of 50 states (rank 1 = lowest).
West Virginia assesses all real property at 60% of appraised value (true and actual value). The 60% ratio is then multiplied by local levy rates. Triennial reassessments are required statewide.
The Homestead Exemption reduces the taxable assessed value by $20,000 for qualifying homeowners age 65+ or permanently and totally disabled. This reduces the tax bill by approximately $150-$250/year depending on local rates.
No formal cap on annual increases beyond the 3-year reassessment cycle. West Virginia's very low home values and modest millage rates produce the second-lowest average property tax bill in the nation.
West Virginia combines low home values (median $145,000), a 60% assessment ratio, and modest mill rates to produce one of the lowest absolute dollar property tax burdens in the country. The state has worked to address out-migration by reducing income taxes.
The median home value in West Virginia is $145,000. West Virginia is the most affordable state for housing nationally. Remote work has brought some demand to scenic areas near the Appalachians, but broad market appreciation has been limited. At the 0.55% effective rate, a homeowner at the median value pays roughly $726/year in property taxes.
Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.
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