Lambertville Announces Extended Hours For 2018 Tax Prepayment

The City of Lambertville has announced special hours to accommodate residents who want to prepay their 2018 property taxes.

The City of Lambertville’s Clerk’s Office will be open on Saturday, Dec. 30 and Sunday, Dec. 31 from 9 am to noon to accept 2018 tax payments.

Gov. Chris Christie signed an executive order on Wednesday allowing New Jersey residents to prepay their 2018 property taxes, hoping to alleviate the impact President Donald Trump's recently approved tax plan may have on residents.

The order directs 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 they are postmarked on or before Dec. 31, 2017. The tax plan is supposed to take effect Jan. 1.

"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," Christie said. "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."

The tax plan changed the state and local tax deduction that once saved New Jerseyans thousands of dollars. Approved last week after barely passing Congress, it caps the income and property tax deduction at $10,000.

That cap could prove burdensome for many New Jerseyans who pay the highest property taxes in the nation — although it could be offset by other changes, such as the doubling of the standard deduction. And it could get worse for many families who will also lose the approximately $4,000 personal exemptions for each dependent (if you can, talk to an accountant).

With reporting by Tom Davis

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