This bill proposes an amendment to the Code of West Virginia, specifically 11A-1-3, to allow for the payment of real property taxes on a quarterly basis instead of the current twice-a-year schedule. The amendment includes the insertion of new language that specifies the payment structure for both biannual and quarterly tax payments. For biannual payments, the first installment is due on September 1 and the second on March 1, with specific penalties for late payments. For quarterly payments, the Department of Tax and Revenue will establish due dates, and taxpayers will receive quarterly bills as reminders.

Additionally, the bill clarifies that taxes paid on time will receive a discount of two and one-half percent, and it maintains the provision for interest on delinquent taxes at a rate of nine percent per annum. The amendment also includes a provision that aligns the filing and payment methods for real and personal property taxes with those established for the Tax Commissioner or Department of Tax and Revenue, while allowing the sheriff to create additional payment methods. Overall, the bill aims to provide more flexibility for taxpayers in managing their property tax payments.

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