And if you were thinking about prepaying some of your 2018 state and local income taxes to take advantage of current law, which is more generous, forget about it. The bill specifically disallows it.
However, it does not specifically ban early payment of property taxes.
In New Rochelle, New York, for example, where the average property tax bill tops $18,000, the city’s 80,000 residents have been alerted that they can prepay the portion due in January (along with prepaying school district taxes due in April).
While the city’s residents have been able to prepay in past years as well, the reminder this year is specifically due to the changes in the GOP tax bill.
“What we’re telling residents is that we’ll accept these prepayments but they should check with a financial advisor first,” said Charles Strome, city manager for New Rochelle.