Free West Virginia seller net sheet calculator

West Virginia charges the state excise tax on transfer of $1.10 per $500, customarily paid by the seller; and the WV Housing Development Fund fee of $20 per deed, customarily paid by the seller. On top of that, 9 county or city transfer taxes apply in parts of the state; the calculator adds them when you choose the county.

With no county or city chosen, the transfer tax on a $500,000 sale is about $1,120, customarily paid by the seller. Some counties and cities charge a different or additional rate.

On a $400,000 sale with a 5% commission, estimated seller costs in West Virginia come to about $21,222 (5.3% of the price), including $20,000 of commission. Without commission, closing costs are about $1,222. Local taxes, the payoff, and property tax prorations change the final number.

Buyer customarily pays the owner's policy.

Closings are usually handled by an attorney, and an attorney is customarily required at closing.

Property taxes are paid in arrears on a tax year starting in July. The typical effective rate is about 0.58% of value per year. Fiscal year Jul-Jun, billed Jul 15; halves due Sep 1 and Mar 1 (discount if early). Seller credits buyer for unpaid days.