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Friday, November 15, 2024

Property tax revenue unchanged from previous quarter in West Virginia

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West Virginia Tax Commissioner Matthew Irby | West Virginia State Tax Department

West Virginia Tax Commissioner Matthew Irby | West Virginia State Tax Department

West Virginia collected $2 million in property taxes during the first quarter, unchanged from the fourth quarter of 2023, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Overall, West Virginia collected $1.5 billion in combined tax revenues in the first quarter, a decrease from the $1.6 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q1 West Virginia Tax Collections
Type of TaxAmount (millions)
Property Taxes$2
Sales and Gross Receipts Taxes$844
Income Taxes$502
License Taxes$43
Other Taxes$141
Source: U.S. Census Bureau

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