Gatewood — Financial Data

443 Population FY 2023

Beta: source-backed tax context only. This is not a personalized tax-burden estimate.

Current source-backed tax context for West Virginia and Gatewood.

Component	Summary	Effective	Coverage	Sources
WV state individual income tax	West Virginia enacted a 5% across-the-board personal income tax cut in 2026; updated schedules apply retroactive to January 1, 2026, with a top marginal rate of 4.58%.	Signed March 31, 2026; codified effective June 12, 2026, retroactive to January 1, 2026.	Rate missing	West Virginia 2026 income tax rate cut
WV sales and use tax (state base)	West Virginia combined state sales and use tax is generally 6%, with additional local sales and use tax in municipalities that impose local rates.	Current WV Tax Division sales and use tax guidance (as accessed April 19, 2026).	Rate missing	West Virginia sales and use tax
WV property tax policy (ad valorem local administration)	West Virginia ad valorem property tax generally assesses property at 60% of fair market value, with county assessors valuing most locally assessed property.	Current WV Tax Division ad valorem property-tax guidance (as accessed April 19, 2026).	Needs review	West Virginia ad valorem property tax; West Virginia county assessors

Community Profile

Census Bureau ACS 5-year estimates

1.4% Poverty Rate 2023

13.2% Bachelor's+ Rate 2023

0.0% Unemployment Rate 2023

100.0% Homeownership Rate 2023

Median Household Income

$73,914 (2023)

2021 2023

Per Capita Income

$28,735 (2023)

2021 2023

Median Home Value

$96,400 (2023)

2021 2023

Median Age

31.6 (2023)

2021 2023

Gini Index

0 = perfect equality · 1 = perfect inequality

0.1 (2023)

2021 2023

Financial Documents (3)

Year	Title	Type
2023	Gatewood Census ACS 5-Year Estimates 2023	US_CENSUS_ACS5
2022	Gatewood Census ACS 5-Year Estimates 2022	US_CENSUS_ACS5
2021	Gatewood Census ACS 5-Year Estimates 2021	US_CENSUS_ACS5

Governance & Structure

Governance Structure

School Details

Not applicable for this entity type.