Christie Signs Executive Order Allowing NJ Homeowners to Prepay 2018 Property Taxes

28 December, 2017, 00:51 | Author: Roderick Gutierrez
  • People at the Travis County Tax Office in Austin

Hundreds of Floridians are asking if they can pay their property taxes early.

In 2018, the new tax law caps deductions for property taxes at $10,000.

Henry, the Haddonfield tax collector, said he is allowing residents to estimate their 2018 bills, since they will not receive their bills for the second half of the year until August. However, the law almost doubles the standard deduction, which may mean that fewer taxpayers will itemize.About 35 percent said they would likely increase medical expenses and the state and local income and sales taxes. As a result, more people will choose not to itemize deductions on their 2018 federal income tax returns (filed in 2019) and will be unable to deduct 2018 property taxes. Minnesota Power spokesperson Amy Rutledge said Wednesday in an email that the company could lower rates and pass savings along to customers due to the 15 percent cut to the corporate tax rate embedded in the tax bill, according to Duluth News Tribune.

The county broke its winter recess and called a special session on Tuesday, the day after Christmas, passing a bill 7 to 1 in favor of allowing residents to pre-pay their 2018 tax bills.

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. Others will accept check postmarked by December 31 to qualify for the deduction. The Tax Collector is unable to accept payments before the bills are issued. The county does not become involved in collection of taxes until bills are judged delinquent.


Radnor, a home-rule township in Delaware County, is accepting prepayments through New Year's Eve if taxpayers appear in person at the township building. Rep. Tom MacArthur (R-3) is the only member of New Jersey's congressional delegation to have voted in favor of the tax bill and was a champion of the deduction that made its way into the final bill.

Chautauqua County will finalize and issue 2018 tax warrants to local tax collectors today.

"People fall into different categories", she said, noting a big factor is income. Any additional payment received will be refunded, a county press release said.

"Everybody is trying to do what they think is the right thing to do", said Sizemore, who made it clear that his department can not offer tax advice. "Those people will probably be the most affected".

"We plan for the tax payments to come in on a quarterly basis, so this is going to be a lot of money earlier than we planned", she said.

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