This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in West Virginia

In West Virginia, closing date prorations for property taxes are governed by the statutory rule that the seller is responsible for taxes accrued up to the day of closing and the buyer for taxes after that date. Under W. Va. Code § 11A-1-3, property taxes are assessed as a lien on January 1 of each year, with the tax rate set at 6% of the property’s assessed value. The rule provides the method for dividing this annual tax liability between the parties based on the number of days each holds the property during the tax year. The worked example below demonstrates how the 6% figure and daily allocation apply. For an estimate specific to a transaction, the calculator uses the official source’s formula.

Governing authority

In West Virginia, the closing date prorations rule is set by W. Va. Code § 11A-1-3. The verified packet cites W. Va. Code § 11A-1-3 (https://tax.wv.gov/Business/PropertyTax/).

West Virginia closing date prorations: the verified value is 6% under W. Va. Code § 11A-1-3. The verified packet cites W. Va. Code § 11A-1-3 (https://tax.wv.gov/Business/PropertyTax/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.