Prepay property taxes? Rockland will allow it

Prepay property taxes? Rockland will allow it

"This of course is being driven by the new tax bill that is just being signed into law".

The Tax Cuts and Jobs Act caps the amount of state and local taxes that can be deducted on federal income tax returns at $10,000.

People itemizing by more than $24,000 - the new standard deduction for a married couple - also won't likely see an advantage to paying early. "For high-income earners in this state, they've been getting that deduction, getting a benefit for it and they're not going to have that anymore", he said.

Clarkstown Town Supervisor George Hoehmann said town offices throughout the county will be open to 5 p.m. on Thursday and 7 p.m. on Friday to accommodate those who want to pay in person.

In Hempstead, N.Y. town Tax Receiver Donald Clavin said "thousands" of people packed his office Tuesday trying to pay their 2018 property taxes a year in advance. In New Jersey, the average property tax bill alone was almost $8,300 previous year and there are scores of towns where the average bill is above the $10,000 threshold.

While taxpayers won't be able to prepay their 2018-19 school taxes, many districts split school taxes in half, with the second half due at the end of January. "Fortunately, today's decisive action by Governor Cuomo will assist our members as they help their residents deal with the negative financial impacts federal tax reform will have on millions of New Yorkers".

"There's definitely some more", she said.




Hutchinson said responsibility for paying property taxes is handled at the county level. But it was silent on prepayment of property taxes. This would be especially helpful for states where there are state taxes, like New York, New Jersey or California.

In Chemung and Tompkins counties too, taxpayers must speak with their individual tax collector to determine if prepayment will be accepted.

Oswego County leaders say they've prepared 2018 property tax warrants early and is making them available to local tax collectors.

The IRS hasn't yet said how it would handle prepayments.

Editor's note: Tax Watch columnist David McKay Wilson is checking with municipalities in Westchester, Rockland and Putnam about if and how property owners can prepay property taxes.

In the Washington D.C. suburbs, WTOP found a line of hundreds snaked through a local government building in Fairfax, Virginia, looking to prepay their 2018 bills.

Every financial situation is different and most towns are straying away from actually recommending that residents prepay taxes.

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