Politics & Government

Want To Prepay Your 2018 Lakewood Property Taxes? Here's Info

The tax reform bill signed into law limits the property tax deduction to $10,000; many are hoping to maximize their 2017 deduction.

LAKEWOOD, NJ -- If you are considering prepaying your 2018 property taxes, area tax collectors say time is running out to do so.

As a result of the tax bill signed into law last week that changes the tax code, the deduction for state and local taxes -- including property taxes -- is now limited to $10,000. As a result, many people are seeking to prepay their 2018 property taxes to maximize their state and local tax deduction for 2017.

The Lakewood Tax Collector's office, located in the municipal building at 231 Third St., is generally open 9 a.m. to 5 p.m. Monday through Friday, but residents seeking to prepay their 2018 property taxes should call the office to check the deadline to do so. The tax collector's office can be reached at 732-364-2500.

Find out what's happening in Lakewoodfor free with the latest updates from Patch.

The general deadline for tax payments to count for the 2017 tax year is Friday, Dec. 29.

Residents should check with their tax adviser to make sure this will benefit them.

Find out what's happening in Lakewoodfor free with the latest updates from Patch.

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