Allow for monthly payments on property taxes

HB 4487 would allow West Virginia property owners to pay current real and personal property taxes in monthly installments instead of the current two-installment system (due September and March). Property owners choosing monthly payments would pay a 2.5% convenience fee on each monthly payment. The bill maintains the existing 2.5% discount for paying both installments on time under the current system. This change directly affects all residential and commercial property owners who pay local property taxes in West Virginia.