HB 4487
Allow for monthly payments on property taxes
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill would allow property owners in West Virginia to pay their real and personal property taxes in monthly installments instead of two annual installments. To facilitate these monthly payments, a small convenience fee of two and one-half percent would be charged for each payment. The bill amends existing state code to establish this new payment option and related procedures. It aims to provide greater flexibility for taxpayers in managing their property tax obligations.
Key provisions
- Allows property owners to pay real and personal property taxes monthly.
- A 2.5% convenience fee will be charged for each monthly payment.
- The first installment is due September 1st, delinquent October 1st.
- The second installment is due March 1st, delinquent April 1st.
- Taxes paid on time receive a 2.5% discount.
- Interest accrues on delinquent taxes at 9% per annum.
- The bill modifies existing procedures for filing returns and making payments to the sheriff.
- The bill aligns payment methods with existing procedures for the Tax Commissioner or Department of Tax and Revenue.
Who is affected
- Property owners
- West Virginia residents
- Taxpayers
Notable changes
- Introduces a monthly payment option for property taxes.
- Establishes a convenience fee for monthly payments.
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