Escrow & Title
West Virginia imposes a state excise tax on the transfer of real property. The rate is:
A$0.55 per $500 of value (or fraction thereof)
B$1.10 per $500 of value (or fraction thereof)✓ Correct
C$2.20 per $500 of value (or fraction thereof)
D$5.00 per $1,000 of value
Explanation
West Virginia imposes a real estate excise tax (transfer tax) of $1.10 per $500 of consideration (or fraction thereof) on the transfer of real property.
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