West Virginia

 
 

The facts on West Virginia’s Tax Climate

West Virginia's Individual Income Tax System
West Virginia's personal income tax system consists of five brackets and a top rate of 6.5%. That rate ranks 19th highest among states levying an individual income tax. West Virginia's income tax collections per person were $822 in 2010 which ranked 24th highest nationally.
50-State Table of Individual Income Tax Rates
50-State Table of State Individual Income Tax Collections
50-State Table of State and Local Individual Income Tax Collections Per Capita

West Virginia's Corporate Income Tax System
West Virginia's corporate income tax system consists of a flat rate of 7%. That rate ranks 24th highest among states levying an corporate income tax. West Virginia's corporate tax collections per person were $128 in 2010 which ranked 19th highest nationally.
50-State Table of Corporate Income Tax Rates
50-State Table of State and Local Corporate Income Tax Collections Per Capita
50-State Table of State Corporate Income Tax Collections Per Capita

West Virginia Sales and Excise Taxes
West Virginia levies a 6% general sales or use tax on consumers, which is the same as the national median of 6%. The average local sales tax rate is an additional 0.04%. West Virginia's state and local governments collect $625 per person in general sales taxes and $686 per person in excise taxes, for a combined figure of $1311, which ranks 23rd lowest nationally. West Virginia's gasoline tax stands at 34.7¢ (11th highest nationally), while its cigarette tax stands at $0.55 (8th lowest nationally.)
50-State Table of State and Local General and Selective Sales Tax Collections Per Capita

West Virginia Property Tax Collections Relatively Low
West Virginia's state and local governments collected approximately $745 per person in property taxes, which ranks 7th lowest nationally.
State and local property tax collections per capita by state

Tax Freedom Day Arrives on April 19th in West Virginia

Tax Freedom Day is the day when Americans finally have earned enough money to pay off their total tax bill for the year. In 2013, West Virginia taxpayers worked until April 19th (13th latest nationally) to pay their total tax bill. The Tax Freedom Days of neighboring states are: Pennsylvania, April 17th (ranked 15th latest nationally); Ohio, April 12th (ranked 22nd earliest nationally); Virginia, April 20th (ranked 10th latest nationally); Kentucky, April 6th (ranked 10th earliest nationally); and Maryland, April 21st (ranked 8th latest nationally).

West Virginia's State and Local Tax Burden In Line with National Average

West Virginia's 2010 tax burden of 9.71% ranks 19th highest out of 50 states, and is below the national average of 9.9%. West Virginia's taxpayers pay $3029 per capita in state and local taxes.
West Virginia's State-Local Tax Burden, 1977-Present
Other States' State/Local Tax Burdens
Map of U.S. Showing all State's Burdens and Ranks
Historical Chart Comparing All States' State/Local Tax Burdens from 1977 to 2009

West Virginia's 2013 Business Tax Climate Index Ranks 23

West Virginia ranks 23rd in the Tax Foundation's State Business Tax Climate Index. The Index compares the states in five areas of taxation that impact business: corporate taxes, individual income taxes, sales taxes, unemployment insurance taxes, and taxes on property, including residential and commercial property. The ranks of neighboring states are as follows: Pennsylvania, 19th, Ohio, 39th, Virginia, 27th, Kentucky, 24th, and Maryland, 41st.
50-State Comparison of Business Tax Climates (data only)
2013 State Business Tax Climate Index (full study)

West Virginia Info

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