West Virginia charges an excise tax when real-estate title transfers. The first county tax is $1.10 per $500 of value. An additional county tax of $0.55 per $500 applies, and the county commission may raise that additional tax to as much as $1.65 per $500. Each $500 or fraction counts, and taxable value includes liens the buyer takes over. The County Clerk also collects a $20 Affordable Housing Fund fee before recording; the seller pays the tax unless the buyer accepts the deed without it paid. Ask the title company to confirm the applicable Mercer County rate and amount for the transaction.
When you sell to us, we pay the closing costs, including the West Virginia real estate transfer excise tax and the additional county excise tax.
This does not pay the seller’s mortgage, liens, back taxes, or share of current property taxes.