Government

Want to Prepay Property Taxes? NJ Governor Chris Christie Signs Exec Order Requiring Municipalities to Accept Prepayments

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Credits: aaronlayman.com
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MOUNTAINSIDE, NJ -  New Jersey Governor Chris Christie signed Executive Order No. 237 on Wednesday directing the Director of the Division of Local Government to notify municipalities to accept payments for 2018 property taxes in calendar year 2017 and require them to credit those payments as received in 2017, if the payment is postmarked on or before December 31, 2017.

Individuals and municipalities may benefit from an early payment of taxes this year, before the newly-passed tax bill impacts expenditures for 2018.  The last business day this month is Friday, December 29.

“The action I took today will ensure that local governments are flexible and accommodating of their local property taxpayers as we transition to the new federal tax code for 2018," Governor Christie said in a statement. "This executive order requires local officials to dedicate the resources and staffing to serve New Jerseyans who are planning in this way for their families and their futures."

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In a Twitter posting, 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." 

The Mountainside Tax Collector’s Office hours are Monday through Friday 8:30 a.m. to 4:30 p.m. the office is closed for lunch from noon to 1 p.m. The mailing address is Borough of Mountainside, Office of the Tax Collector, 1385 Route 22, Mountainside, NJ 07092. The office can be reached at (908) 232-2400

Mountainside has already announced it would accept the prepayments, but there are conditions. See the article here.

Residents and taxpayers who are interested in paying their 2018 taxes are encouraged to check with their tax professionals in order to understand the potential impacts of prepaying 2018 taxes.
 

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