BRIDGEWATER, NJ - Individuals and municipalities can benefit from an early payment of taxes this year before the newly-passed tax bill impacts expenditures for 2018.
Property owners who currently pay more than $10,000 for their taxes can pay before Dec. 31, utilizing a deduction that is available in 2017 and will not be available in 2018.
According to a post on the Bridgewater Township website, the township Tax Collector's office is accepting payments for 2018 municipal taxes.
Any 2018 property taxes that residents wish to pre-pay must be received in the office on Commons Way or online by 4:30 p.m. Dec. 29.
Click here to pre-pay Bridgewater property taxes online.
There will be no refunds issued on pre-payments made in person or online after Dec. 29.
In Raritan, residents can also pre-pay their 2018 municipal taxes, in person at the municipal building on First Street or online until 4 p.m. Dec. 29.
Click here to pre-pay Raritan property taxes online.
In a Twitter posting earlier this month, New Jersey State Senate President Stephen Sweeney said, "Generally, those whose combined property and income tax bills will be more than $10,000 next year – but not those who would be subject to the new Alternative Minimum Tax – would benefit by prepaying some or all of their 2018 property tax bill by the end of 2017."
On Tuesday, Sen. Raymond J. Lesniak introduced legislation to allow NJ homeowners to deduct up to $20,000 of their property taxes on their NJ income tax returns.
The legislation must reach Governor Christie’s desk by Jan. 8 to eventually become law. Click Here to find your legislators’ contact information.
Earlier this month local resident and Somerset County Freeholder Brian D. Levine discussed how the law would impact residents of the Garden State.