This bill amends the Code of West Virginia to allow for an alternative payment option for current real and personal property taxes. Specifically, it introduces a new provision that permits taxpayers to pay their taxes on a monthly basis instead of the traditional two-installment method. If taxpayers opt for this monthly payment plan, they will incur a convenience fee of two and one-half percent for each monthly payment made.

The existing law outlines the current payment structure, which requires taxes to be paid in two installments, with specific due dates and penalties for late payments. The bill retains this two-installment option while adding the new monthly payment alternative, thereby providing taxpayers with greater flexibility in managing their tax obligations.

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