State Tax Collections: T51 Documentary and Stock Transfer Taxes for West Virginia
QTAXT51QTAXCAT3WVNO • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.00
Year-over-Year Change
-75.00%
Date Range
1/1/1994 - 1/1/2025
Summary
The 'State Tax Collections: T51 Documentary and Stock Transfer Taxes for West Virginia' trend measures the revenue collected by the state of West Virginia from documentary and stock transfer taxes. This data is important for policymakers and economists to understand the state's tax base and revenue sources.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic trend tracks the monthly state tax collections in West Virginia specifically related to documentary and stock transfer taxes. These taxes are levied on real estate transactions and transfers of corporate ownership, providing insight into the state's economic activity and tax receipts.
Methodology
The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Historical Context
This information is used by government officials, economists, and market analysts to assess West Virginia's fiscal health and economic trends.
Key Facts
- West Virginia levies a documentary tax on real estate transactions.
- Stock transfer taxes are charged on the transfer of corporate ownership.
- This data provides insights into West Virginia's economic activity and tax revenues.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly revenue collected by the state of West Virginia from documentary and stock transfer taxes.
Q: Why is this trend relevant for users or analysts?
A: This data is important for understanding West Virginia's tax base and revenue sources, which are key indicators of the state's fiscal health and economic conditions.
Q: How is this data collected or calculated?
A: The data is collected and reported by the U.S. Census Bureau as part of their State Government Tax Collections survey.
Q: How is this trend used in economic policy?
A: Government officials, economists, and market analysts use this information to assess West Virginia's fiscal health and economic trends, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released monthly by the U.S. Census Bureau, but there may be some delays in reporting.
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Citation
U.S. Federal Reserve, State Tax Collections: T51 Documentary and Stock Transfer Taxes for West Virginia (QTAXT51QTAXCAT3WVNO), retrieved from FRED.