Politics & Government
Want To Prepay Your 2018 Toms River 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.
TOMS RIVER, NJ -- If you are considering prepaying your 2018 property taxes, the Toms River Township Tax Collector's Office says 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.
Payment would need to be received in the tax collector's office either in person or by way of mail by 4 p.m. on Friday, Dec. 29, said Pamela Meagher, the township's deputy tax collector.
Find out what's happening in Toms Riverfor free with the latest updates from Patch.
Online payments can be made Friday evening until just before midnight and be counted in the 2017 tax year, Tax Collector Carl Dileo said.
People should check with their tax adviser to make sure this will benefit them.
Find out what's happening in Toms Riverfor free with the latest updates from Patch.
Image via Shutterstock
Note: This article was updated to correct the deadline for prepaying 2018 property taxes online. Patch regrets the error.
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