In response to the Executive Order issued by Governor Cuomo on December 22, the City of Hudson will be issuing a new tax warrant dated tomorrow, December 28, 2017, for 2018 property taxes. While timing is extremely short, and we have not worked out all of the logistics, we will begin accepting payments on Friday, December 29. Anyone wishing to prepay 2018 property taxes (with the exception of school taxes) can do so in person at the City Treasurer's office from 8:30 a.m. to 5:00 p.m. on Friday, December 29, or online between 8:30 a.m. Friday and 11:59 p.m. Sunday, December 31. The online payment system can be accessed by clicking here.
The City understands the potential negative financial impacts to property owners of the tax reform bill signed into effect by President Trump last Friday, and we are making every effort to provide relief in the form of 2018 property tax prepayments. Please direct any quetions to the City Treasurer's office at (518) 828-0212.The recently adopted new tax law includes a $10,000 cap on the amount of state and local taxes--property taxes and incomes taxes-- people can deduct on their federal income tax returns.
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Can someone explain the advantage of prepaying one's property tax?
ReplyDeleteThe idea is you can deduct them in 2017, although I heard on NPR this morning that it's not at all clear if the IRS will accept 2017 prepayment of 2018 property taxes as 2017 deductions.
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