Increase In Prepaid Taxes For Haddonfield And Haddon Township

There was an increase in prepaid taxes in both Haddon Township and Haddonfield before Dec. 31, 2017, according to the tax collectors in each municipality. The prepaid taxes are for 2018.

In fact, Haddon Township didn't collect any prepaid taxes in 2016 for 2017. In 2017 for 2018, Haddon Township had 612 prepays totaling $1,540,680.07, according to Haddon Township Tax Collector Margaret King. Most who paid early only paid for their first two quarters.

Haddonfield collected $8,669,290.18 for 2018 taxes, compared with $254,752.23 collected in 2016 for 2017, according to Haddonfield Deputy Tax Collector Megan Giordano.

"We typically have homeowners that always prepay their first and second quarter taxes, but this time we had an increase due to the new tax laws," Giordano said. "We collected $7,065,793.69 for the first and second quarter tax payments and $1,603,496.49 has been collected toward the balance of 2018 taxes."

Residents across the state were hoping to prepay their taxes after the federal tax bill signed into law in December limited the deduction for state and local taxes -- including property taxes -- to $10,000. They were looking to prepay their taxes in an effort to maximize their state and local tax deduction for 2017.

Former Gov. Chris Christie even signed an executive order directing 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 if the payments were postmarked on or before Dec. 31, 2017.

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