Allowing for taxes to be paid quarterly

HB 4823 would allow West Virginia property owners to pay real property taxes quarterly instead of the current biannual schedule. It directly affects residential and commercial property owners who pay real estate taxes, giving them the option to make four annual payments rather than two. The bill maintains the same 2.5% discount for on-time payments and 9% annual interest for late payments as the current system. The Department of Tax and Revenue would set quarterly payment dates, and reminders would be mailed to taxpayers. This is an optional change to the existing payment structure, not a requirement.