Weehawken accepting early payments on 2018 property taxes

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WEEHAWKEN – In reaction to the recently-passed tax reform bill, which reduces deductions of property tax mortgage interest beginning in 2018, Weehawken is accepting pre-payment of 2018 property taxes this week.
The tax bill, which Trump signed into law last week, places a $10,000 deduction limit on property, state, and local income taxes starting next year. Previously, the limit was higher. Due to this change, taxpayers nationwide have inquired about paying their 2018 property taxes before the new year so they can deduct them on their tax returns due April 15, 2018.
On Dec. 27 and 28, the town’s Tax Collector’s Office will be open until 8 p.m. Residents can estimate their 2018 pre-payment tax based on their 2017 tax bill. If your 2018 tax bill changes due to tax rate changes or changes from the town’s recent revaluation, you’ll either have a credit or a balance to pay next year.
The township is not offering advice on whether property owners should pre-pay their taxes, how much to pre-pay, or possible tax impact. For more in-depth inquiries, officials recommend that property owners consult with their tax advisors and mortgage companies.
To ensure payments made by check are deposited by year’s end, they must be received no later than the 28th.
Checks must include the property’s block and lot number. They must also indicate that the payment is for 2018 in the note section to avoid a refund for tax over payment. In addition, all 2017 property taxes must be paid and up to date before the town can apply any 2018 pre-payment taxes. The office is also accepting in-person payments.
For more information, contact the office at (201) 319-6015. It is located within Weehawken Town Hall, located at 400 Park Ave.