How to pre-pay your property taxes before year's end

How to pre-pay your property taxes before year's end

"Westchester County has looked into the feasibility of having residents pre-pay their county taxes", Ned McCormack, senior advisor to the Westchester County executive, said in a statement. Almost 50 percent thought tax reform would increase their taxes or decrease their 2017 tax refund.When taxpayers visit a Liberty Tax office this tax season, they will be greeted by professional tax preparers who will be ready to address taxpayer questions about the tax law and who guarantee the most accurate tax return and the largest possible refund to which the taxpayer is entitled.

More: Prepaying your property taxes?

Prepayment would only benefit those who itemize their deductions, and anyone looking to prepay should consult a tax professional first. Yet, other jurisdictions allow mailed payment to count so long as it is postmarked by December 31.

Local municipalities are responsible for property tax collection.

Luzerne County resident Tom Benz wanted to prepay his 2018 real estate taxes this week, but county officials said early payments are not permissible by state law. The new bill, which goes into effect on January 1, caps federal SALT deductions at $10,000. The borough also accepts payments online.

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Other jurisdictions have accepted property tax prepayments for years, including the District and Alexandria, as well as Fairfax, Loudoun and Arlington counties.

From Jersey City, N.J., to Oyster Bay, N.Y., residents are hustling to make early property tax payments on their 2018 bills to avoid a hit under the new tax bill passed by Congress.

"Only some Auburnians will be able to take advantage of the resolution we pass here today", Carabajal said.

"We are getting a ton of phone calls, a ton of emails, and a lot of traffic in person", Montclair tax collector Lidia Leszczynski told NJ Advance Media in a phone interview Wednesday.

Councilor Dia Carabajal slammed Rep. John Katko for supporting the federal tax bill, which she said politically targets "blue states", while benefiting wealthy Americans and burdening the working class of NY.

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The city is not issuing advice on whether property owners should pre-pay taxes, how much to pre-pay, or the possible tax impact, including whether the IRS will allow the payments to be deductible on 2017 federal income taxes.

Currently, Florida homeowners can deduct taxes paid to local governments, including property, income, and sales taxes.

Some towns aren't allowing residents to pre-pay their 2018 taxes at all, while others are allowing people to partially pre-pay.

Lower Merion Township posted a message to residents on its website stating that, in response to "numerous inquiries from residents", the township's lawyers reviewed the matter and agreed with the county's position on state law.

Those who pay their property taxes with an escrow account should contact their mortgage lender to see if the company can pre-pay their taxes for them.

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Cuomo today issued an emergency Executive Order to help protect property owners in ny from the devastating impact of the GOP tax bill.

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