This bill amends the Code of West Virginia to allow for the quarterly payment of real estate taxes, changing the current payment structure from two installments to four. Specifically, the first installment is due on September 1, the second on December 1, the third on March 1, and the fourth on July 1 of the assessment year. Each installment has a corresponding delinquency date, and taxpayers who pay on or before the due date are eligible for a 2.5% discount. Additionally, the bill clarifies that interest at a rate of 9% per annum will accrue on any unpaid taxes from the delinquency date until payment is made.

The bill also includes provisions for the sheriff to notify taxpayers of their tax obligations and the methods of payment, including the acceptance of credit cards. It mandates that the sheriff send annual tax tickets to taxpayers at their last known address and allows for additional notices regarding other fees owed to the county or municipalities. Furthermore, the Tax Commissioner is granted the authority to create rules for alternative installment payment options beyond those specified in the bill. Overall, the legislation aims to provide more flexible payment options for property taxes in West Virginia.

Statutes affected:
Introduced Version: 11A-1-3, 11A-1-8