Property Taxes in West Virginia
West Virginia's effective property tax rate is 0.48%, ranking #7 out of 50 states (1 = lowest). The median annual property tax paid is $653.
West Virginia's property tax rates are below the national average, with the state assessing property at 60% of appraised market value. Local levies from counties, school districts, and municipalities are applied to this assessed value. The homestead exemption provides a $20,000 reduction in assessed value for homeowners 65 and older or permanently disabled. West Virginia's low property taxes, combined with low home prices, result in annual tax bills that are often under $1,000 — a significant advantage for buyers on fixed incomes.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Tax Foundation, U.S. Census
Tax Rate
0.48%
Median Annual Tax
$653
National Rank
#7 of 50
1 = lowest
Homestead Exemption
Yes
Annual Property Tax by Home Price
| Home Price | Annual Tax | Monthly |
|---|---|---|
| $200,000 | $960 | $80 |
| $300,000 | $1,440 | $120 |
| $400,000 | $1,920 | $160 |
| $500,000 | $2,400 | $200 |
| $750,000 | $3,600 | $300 |
* Based on the average effective rate of 0.48%. Actual rates vary by county and municipality.
Homestead Exemption in West Virginia
Up to $35,000
File for the homestead exemption after purchasing your primary residence in West Virginia to reduce your assessed property value, lowering your annual tax bill. Contact your county assessor's office for the application.
How West Virginia Compares
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