The Inter-Mountain
In the past few weeks, many West Virginia residents received two of their favorite annual reminders — a postcard-sized bill that shows the amount of tax owed on your home or any land you own, and also a separate bill showing what is owed on your personal property — cars, trucks, car trailers, etc. As we’ve reminded you previously, it’s important to understand how and when to pay that personal property tax bill on your vehicles so that you qualify for a full credit on your 2025 state income taxes, as provided through tax relief approved by lawmakers in 2023.
The tax relief provides a credit, starting in the 2024 tax year, to all state residents who pay their personal property taxes on schedule. That means you must have paid the first half of your tax bill no later than Oct. 1 of last year, and the second half by April 1 of this year. It also means you have to pay at least the first half of your 2025 bill by Oct. 1 of this year.
If you pay the tax bill late, you don’t qualify.
Sounds simple, right? It is. There have been a few hiccups along the way, but as long as you’ve paid your prior tax bills on schedule, and you pay at least the first half of your 2024-25 tax bill by Oct. 1, you’ll qualify for the credit on the taxes you’ll file in 2025.
Read more: https://www.theintermountain.com/opinion/editorials/2024/08/reminders/
