Sales Tax
- Statewide: 6.0%
- Local governments can levy an additional sales tax of no more than 1.0%
- Current average sales tax (with local taxes included): 6.3%
- Common Exceptions at State Level:
- Prescription Medicine: Exempt
- Unprepared Foods: Exempt
- Gasoline Tax: 54.10 cents/gallon (Includes all state, local, and federal taxes)
- Diesel Fuel Tax: 60.10 cents/gallon (Includes all state, local, and federal taxes)
Personal Income Tax
- Personal Income Tax Rate Range: Five brackets from 2.11% to 4.58% (on income over $60,000)
- Standard deduction: None
- Personal Exemption Allowance: $2,000. Dependent Exemption: $2,000
- Itemized Deductions Allowed?: Yes, subject to limitations.
- Retirement Income
- Social Security: Exempt
- 401Ks/Defined contribution employer retirement plans: Taxable at ordinary income rates*
- Private pensions: Taxable at ordinary income tax rates*
- Public Pensions: Some public safety pensions are 100% exempt. Up to $2,000 on in-state or federal pensions may be exempt; remainder is taxable at ordinary income tax rates.*
- Military Pay
- Active Duty Pay: National Guard and reservist pay is exempt.
- Military Retirement Pay: Exempt
- Military Disability Pay: Exempt
- VA Dependency & Indemnity Compensation Benefits: Exempt
- SBP/SSBP/RCSBP/RSFPP: Exempt
*Exemption of income of up to $8,000 may be available if 65 and over or 100% disabled. Retirement income for police, sheriffs and firefighters is exempt.
Income Tax Comments: Some municipalities charge payroll, income, or interest and dividend taxes
Property Tax
- Local municipalities average 0.53% of the property's assessed value.
- Calculation of assessed value: 60% of fair market value
- Relief programs for:
- Owner-Occupied: Caps increases in assessed value of 4% per year. Can claim 25% of fair market value exempt from taxes.
- 65 and Over or Disabled: Reduction of up to $20,000 of assessed value is available if meet certain income requirements. Deferral programs also available.
- Senior Citizens Tax Credit: Credit available on state tax return if meet income requirements.
- Low-Income: If property tax is over 4% of income, may receive credit for amount over 4%. Maximum credit is $1,000.
- Disabled Veterans/Surviving Spouse: Income tax credit equal to amount of taxes paid if disability rating is 90% or higher.
- Personal Property Tax: Yes. Rates and exemptions vary.
Inheritance & Estate Taxes: None
Department of Revenue Website: https://revenue.wv.gov/
