December 22, 2017
ALBANY, NY (WENY) -- On Friday, Governor Andrew M. Cuomo issued an emergency Executive Order to help protect property owners in New York.
The measure authorizes local governments to immediately issue tax warrants for the collection of 2018 property tax payments and allows property owners to pay at least a portion of their bill before the end of the year, and under the current tax construct.
The Governor directed the Department of Taxation and Finance to work with local governments to facilitate early tax collection.
The federal tax plan, signed into law on Friday, caps the deductibility of state and local taxes at $10,000.
Under the new measure, officials are instructed to issue warrants for the collection of taxes and deliver them to the local tax collector immediately, and no later than 11:59 p.m. on Thursday, December 28, 2017.
This will allow New Yorkers to pay their property taxes for 2018 in the 2017 calendar year and allow localities to accept advance payment so that property owners can deduct the full amount of their payment at the federal level.
The Executive Order will also suspend local laws limiting the ability of taxpayers to make partial payment of property taxes until the end of the year. This will allow for a portion of taxes to be paid early and under the current federal tax law.
Each local tax collector is now authorized and directed to accept partial payments of warranted taxes from property owners until the close of business on Friday, December 29, 2017.
Online payments can be made until 11:59 p.m. on Sunday, December 31, 2017, and payments made by mail that are postmarked on or before December 31, 2017 are authorized.
More information about the new measure can be found here: https://www.governor.ny.gov/sites/governor.ny.gov/files/atoms/files/EO_172.pdf