NYS property owners urged to pre-pay taxes in response to federal tax overhaul

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In response to the sweeping overhaul of the federal tax policy, New York State Governor Andrew M. Cuomo announced an emergency executive order to authorize local governments to "issue tax warrants for 2018 property tax payments and allow property owners to pay at least a portion of their bill before the end of the year."

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The executive order will circumvent the newly enacted federal tax plan which caps the deduction of state and local taxes at $10,000 and allow property owners to deduct the full amount of their payment. 

"New York has made unprecedented progress reducing the burden of taxes on our middle-class families, and we will not allow this attack to roll back all that we have achieved," Governor Cuomo said. "This Executive Order will allow property owners to deduct either part or the full amount of their payment from their federal taxes before the GOP tax bill goes into effect."  

Local tax collectors are authorized and directed to accept partial payments of warranted taxes from property owners until the close of business on Friday, December 29, 2017. Online payments can be made until 11:59 p.m. on Sunday, December 31, 2017, and payments made by mail that are postmarked on or before December 31, 2017 are authorized.


Listen to the full statement from Gov. Cuomo below:

See the full text of the Executive Order below (click for PDF):