If you’re concerned about the deductibility of your 2018 property taxes, take heed: Verona’s town government is allowing property owners to prepay some of their 2018 tab.
Last week, the U.S. Senate and House of Representatives approved changes to federal taxes that cap the state and local tax deduction at $10,000, which is well below what has been taken in Verona. In 2015, Verona residents took an average SALT deduction of $24,480. The legislators who represent Verona, Rep. Rodney Frelinghuysen (R-NJ11) and Sens. Cory Booker and Bob Menendez, all voted against the GOP tax plan.
The notice posted on the township’s website says that while Verona only now knows the exact amounts for the first and second quarter 2018 property taxes, the township will allow property owners to prepay up to the total that they paid for 2017. If you’re going to do this–and you probably want to call your tax preparer first because Town Hall won’t issue refunds on 2018 pre-payments if you’re wrong–you’ve got to get your payments to Verona’s tax 0ffice at 600 Bloomfield Avenue by Friday, December 29. UPDATE: Verona’s tax office will also be open this Saturday for tax payments only from 10 a.m. to 1 p.m.
“If your property taxes are currently paid through your mortgage company, we strongly recommend you contact them prior to making any prepayment,” the town note says.
Questions? Call the Verona tax office at 973-857-4777 or email [email protected].
