West Virginia— Property Tax & Closing Costs
2024 Census dataEffective tax rate
0.67%
of assessed value annually
Median home value
$93,100
2024 ACS survey
Median taxes paid
$620/yr
2024 data
Boone County's 0.67% effective property tax rate falls in the middle 50% of US counties — close to the national median of 0.81%. Within West Virginia's 55 counties, it's the 3rd highest. On the county's median home value of $93,100, the typical homeowner pays $620 annually in property tax — $1,009 less than the national median of $1,629. At closing, West Virginia's 0.22% combined real estate transfer tax adds roughly $205 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Boone County.
County median: $93,100
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Low flood risk. Flood insurance not typically required. Verify at msc.fema.gov for your specific property.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
West Virginia property tax exemptions
Ways buyers in Boone County may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Senior / Disabled Homestead Exemption
Exempts the first $20,000 of assessed value of an owner-occupied primary residence for persons 65+ or permanently and totally disabled. 2-year prior residency required. (Ballot measure proposed to raise to $40,000 in Nov 2026.)
View official source →Disabled Veteran Real Property Tax Credit
Refundable income tax credit equal to property tax timely paid on the homestead for honorably discharged veterans with 90-100% VA combined disability rating.
View official source →Senior Citizens Tax Credit
Refundable income tax credit for low-income homeowners 65+ who qualify for the homestead exemption, reimbursing a portion of property tax paid.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Boone County.
The effective property tax rate in Boone County is 0.67% — calculated as the median annual property tax paid ($620) divided by the median home value ($93,100), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
West Virginia's combined real estate transfer tax is approximately 0.22% of the purchase price. On the median Boone County home value of $93,100, this adds roughly $205 at closing. State excise tax $1.10/$500 (0.22%) per W. Va. Code 11-22-2, seller-paid by custom. Counties may add up to $1.65/$500 (0.33%) more, bringing combined rate up to ~0.55% in some counties. Additional $20 flat fee per transfer.
Flood risk is relatively low. Only 1.9% of Boone County's land falls within a FEMA Special Flood Hazard Area. Flood insurance is not typically required, though individual properties near waterways may still be in a zone — verify at msc.fema.gov.
Closing costs for a buyer in Boone County typically run $1,862–$4,655 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Boone County
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 0.67% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Boone County.
Guides for West Virginia home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →