WV Property Taxes on Shale Jump 40% from 2018 to 2019

West Virginia shale producers pay a 5% severance tax on all natural gas produced–you knew that, right? And in 2018 WV’s oil and gas producers (mostly shale) paid $138 million in severance taxes (see WV O&G Pays $138M in Severance Tax in ’18, Up 4.3% from ’17). But did you know that producers (i.e. drillers) also pay property taxes, on top of severance taxes? That’s right! And in 2019 WV’s drillers will pay an extra $123 million in property tax on top of the severance tax they pay this year–up 40% from last year.

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.

Please Login to post a comment