In the State of West Virginia, you are taxed on 60% of estimated re-sale value based on past market sales for real property. Personal property is 60% of blue book value. Both are multiplied by a tax rate which is set by the governing bodies (state, county, municipalities [incorporated towns], and county school board) and usually changes from tax year to tax year. The tax year (the year you are billed) runs from 1 July to June 30 meaning: Ex. TY 2022 for real property is based on 'valid sales' (not 'related individuals, not private/ non-advertised, not foreclosures, etc.) within a past time period of 1 July 2020 to 30 June 2021.
Probably like 89¢
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