Bill

Bill > HB2184


WV HB2184

Allow for monthly payments on property taxes


summary

Introduced
02/12/2025
In Committee
02/12/2025
Crossed Over
Passed
Dead
04/12/2025

Introduced Session

2025 Regular Session

Bill Summary

The purpose of this bill is to allow for monthly payments on current real and personal property taxes.

AI Summary

This bill modifies West Virginia's property tax payment system by introducing a new monthly payment option for current real and personal property taxes. Currently, property taxes can be paid in two installments with a 2.5% discount, due in September and March, with 9% interest applied to delinquent payments. The bill adds a third payment method allowing taxpayers to pay their property taxes monthly, but with a 2.5% convenience fee applied to each monthly payment. This alternative option provides more flexibility for property owners who might find it challenging to make larger semi-annual tax payments, by spreading the tax burden across more frequent, smaller payments. The monthly payment option is optional, meaning taxpayers can still choose to pay taxes in the traditional two-installment method if they prefer. The bill does not change the existing penalty structure for delinquent payments or the overall tax rates, but simply offers an additional payment schedule to accommodate different financial circumstances.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

House Local Governments Subcommittee Meeting (14:00:00 2/19/2025 215-E) (on 02/19/2025)

bill text


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