POLITICS & GOVERNMENT

Christie signs executive order, NJ taxpayers can prepay property taxes for 2018

BY NJTV News Staff |

Gov. Chris Christie would lead the transition team should Donald Trump be elected president. – (OFFICE OF THE GOVERNOR/TIM LARSEN)

 

 

President Trump signed a sweeping $1.5 trillion tax bill into law last week. Wednesday, Gov. Christie signed an executive order to help New Jersey taxpayers.

Christie has ordered local governments to accept prepayment of 2018 property taxes beginning Jan. 1.

Executive Order No. 237 reads: Directs the Director of 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 as received in 2017 if the payment is postmarked on or before December 31, 2017.

“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.”

Currently, taxpayers in New Jersey claim an average of $21,720. The new federal law, which goes into affect Monday, caps the amount anyone can claim starting at $10,000.