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

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But in New Jersey -the highest property tax state in the nation- the plan has been widely unpopular since many property tax bills top the $10,000 maximum deduction. The executive order, signed earlier this month, allows New Yorkers to deduct their 2018 local taxes from their 2017 federal tax return if they file by January 1, the Associated Press reported.

The tax overhaul signed last week by President Donald Trump puts a new $10,000 limit on the amount of state and local taxes people can deduct from their income when calculating their federal tax liability. This especially affects those who write off property taxes or don't itemize deductions.

Of the roughly 120,000 tax bills the county sends out, only 15 to 20 people prepay for the next year, and those are usually the same 15 to 20 people each year, he said.

Oswego County normally sets its tax warrant date for December 31 - too late to use this strategy.

The move is in response to Gov. Andrew Cuomo's emergency order that allows town and city collectors to accept pre-payment of 2018 property tax payments during the remainder of 2017 as soon as the tax warrant is received from the county. In New Jersey, the average property tax bill alone was almost $8,300 past year and there are scores of towns where the average bill is above the $10,000 threshold.

If you want to beat the deadline, contact your town tax collector to find out the amount due.

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

Obviously not everyone has enough cash to cover their entire property-tax bill before the end of the year. Residents should consult their tax professionals.

"There's definitely some more", she said. Property taxes in New Jersey - known as a high-tax state - can be double that, or more. Liberty Tax also wanted to learn about actions taxpayers may be taking during the close of 2017 as they weigh tax bill changes that might affect their liability or tax refund.

The increase in calls and visitors to town halls is putting a strain on some town employees, including in West Tisbury, where tax collector Brent Taylor runs a one-woman department. On Wednesday, homeowners were lining up in droves at tax collection offices there, hoping for one last chance to take advantage of a major tax deduction before it is wiped out in the new year.

Still some in line in Fairfax County were practically jubilant about paying their tax bills.

But the county felt a need to respond to a demand to pre-pay.

"We are very concerned about the impact of these new tax reform laws on the residents of Dobbs Ferry", he said.

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