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 taxes can be paid in four installments, with the first two installments due on September 1 and March 1, respectively. Additionally, the bill outlines that quarterly payments will have specific due dates established by the Department of Tax and Revenue, and taxpayers will receive quarterly bills as reminders. A discount of two and one-half percent will be available for payments made on or before the due date.

Furthermore, the bill clarifies that if taxes are not paid by the delinquency date, interest at a rate of nine percent per annum will accrue until the taxes are paid. The amendment also maintains provisions for timely filing and payment methods, ensuring consistency with existing laws regarding the sheriff's office. Overall, the bill aims to provide taxpayers with more flexible payment options for their real property taxes.

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