WEST virginia Legislature
2017 regular session
By
[
to the Committee on Finance.
A BILL to amend and
reenact §11A-1-3 of the Code of West Virginia, 1931, as amended, relating to
quarterly payment of real and personal property taxes; and requiring new tax
tickets to be mailed after property is transferred.
Be it enacted by the
Legislature of West Virginia:
That §11A-1-3 of the Code of West Virginia, 1931, as
amended, be amended and reenacted to read as follows:
ARTICLE 1. ACCRUAL AND COLLECTION OF TAXES.
§11A-1-3. Accrual; time for payment; interest on
delinquent taxes.
(a) (1) All current taxes assessed on real and
personal property may be paid in two installments. The first installment shall be is
payable on September 1 of the year for which the assessment is made, and shall
become becomes delinquent on October 1; the second
installment shall be is payable on the first day of
following March 1 and shall become becomes delinquent on April
1. Taxes paid on or before the date when
they are payable, including both first and second installments, shall be
are subject to a discount of two and one-half percent. If taxes are not paid on or before the date
on which they become delinquent, including both first and second installments,
interest at the rate of nine percent per annum shall be added from the date
they become delinquent until paid.
(2) Beginning July 1, 2017, current taxes assessed on real
and personal property may be paid in quarterly installments. The first quarterly installment is payable on
September 1 of the year for which the assessment is made, and becomes
delinquent on October 1; the second quarterly installment is payable on the
following January 1 and becomes delinquent on February 1; the third installment
is payable on the following March 1 and becomes delinquent on April 1; the
fourth installment is payable on the following August 1 and becomes delinquent
on September 1. Taxes paid on or before the date when they are payable,
including both first and second installments, are subject to a discount of two
and one-half percent. If taxes are not
paid on or before the date on which they become delinquent, including both
first and second installments, interest at the rate of nine percent per annum
shall be added from the date they become delinquent until paid.
(b) With regard to real and personal property taxes, when any
return, claim, statement or other document is required to be filed, or any
payment is required to be made within a prescribed period or before a
prescribed date, and the applicable law requires delivery to the office of the
sheriff of a county of this state, the methods prescribed in section five-f,
article ten, chapter eleven of this code for timely filing and payment to the
Tax Commissioner or Department of Tax and Revenue shall be the same
methods utilized used for timely filing and payment with such
the sheriff. Nothing contained in
this subsection (b) shall prohibit prohibits the sheriff from
establishing additional methods of payment in accordance with the provisions of
section eight-a of this article.
(c) For property which is transferred from grantor to
grantee, the assessor shall, within three months of the filing of the deed in
the county clerk's office, notify the sheriff who shall prepare a new tax
ticket and mail it to the new property owner.
NOTE: The purpose of this bill is to allow
quarterly payment of real and personal property taxes and to require new tax tickets
to be mailed after property is transferred.
Strike-throughs indicate language
that would be stricken from a heading or the present law, and underscoring
indicates new language that would be added.