West Virginia levies taxes on real estate, including land and buildings, to fund local government services such as schools, libraries, and emergency services. These levies are based on the assessed value of the property, which is determined by county assessors. For example, a property assessed at $100,000 in a county with a levy of 1% would have a tax bill of $1,000.
Stable and predictable revenue streams for local governments are essential for effective budgeting and planning. This revenue allows communities to invest in infrastructure, maintain public services, and attract businesses. Historically, property taxes have been a cornerstone of local government funding in West Virginia, reflecting the state’s unique balance between urban and rural needs.