Finance
What is the West Virginia excise tax rate on real estate transfers?
A$0.55 per $500 of value
B$1.10 per $500 of value✓ Correct
C$1.65 per $500 of value
D$2.20 per $500 of value
Explanation
West Virginia imposes a real estate excise tax (transfer tax) of $1.10 per $500 (or fraction thereof) of the purchase price. This is typically paid at closing and split between buyer and seller by custom.
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