2025 Regular Session
HB 2722
Allowing for taxes to be paid quarterly
In Committee
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill proposes to allow West Virginia property owners to pay their real property taxes on a quarterly basis instead of the current twice-yearly schedule. The Department of Tax and Revenue would establish the specific dates for quarterly payments, and taxpayers would receive reminders. Payments made on time would be eligible for a discount, while interest would accrue on late payments.
Key provisions
- Allows for quarterly payment of real property taxes.
- The Department of Tax and Revenue will establish quarterly payment dates.
- Taxpayers will receive reminders for quarterly payments.
- Payments made on time are eligible for a 2.5% discount.
- Interest accrues on delinquent quarterly payments at a rate of 9% per annum.
- The bill updates existing code to reflect the new payment schedule.
- Existing procedures for filing and payment to sheriffs remain consistent.
Who is affected
- Real property owners in West Virginia
- The Department of Tax and Revenue
- County Sheriffs
Notable changes
- Changes the current system of twice-yearly tax payments to a quarterly system.
- Introduces a mechanism for the Department of Tax and Revenue to establish quarterly payment dates.
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