Find Real Estate Agents and Homes for Sale


Real Estate News --> Connecticut News

Property tax raise concerns in Connecticut


Other Connecticut communities, such as New Canaan and Stamford, are accepting early payments of real estate and motor vehicle taxes due Jan. 1.


Archived Story

&pcode='>"}}}},"ComScoreOoyalaPlugin":{"publisherId":"18314522","labelmapping":"c3=\"WTIC\", c4=\"*null\", c6=\"*null\", ns_st_st=\"WTIC\", ns_st_pu=\"WTIC\", ns_st_pr=\"*null\", ns_st_ep=\"*null\", ns_st_sn=\"*null\", ns_st_en=\"*null\", ns_st_ge=\"*null\", ns_st_ti=\"*null\", ns_st_ia=\"0\", ns_st_ce=\"*null\", ns_st_ddt=\"*null\", ns_st_tdt=\"*null\""},"google-ima-ads-manager":{"showAdControls":true,"useGoogleCountdown":true,"additionalAdTagParameters":{"referrer_url":"http:\/\/fox61.com\/2017\/12\/29\/state-tax-deduction-how-the-gop-tax-bill-will-affect-ct-residents\/"}},"Nielsen":{"apn":"Ooyala V4","isfullepisode":"N","title":"CT homeowners scramble to prepay property taxes by year’s end","program":"News","hasAds":"1","airdate":"20171229 09:22:22"},"iosPlayMode":"inline"}]))); }); Please enable Javascript to watch this video HARTFORD –- Thousands of residents in Connecticut have been flooding local tax assessor offices to figure out how the GOP tax overhaul will hit homeThe likeliest problem for many will be the $10,000 local and state tax deductions cap. “This legislation was in many respects a fiscal lynch mob directed at blue states I don't know how to put it in any other way,” said Kevin Sullivan, Department of Revenue Services Commissioner“This has happened so fast it caught most people by surprise.” Beginning in FY2018-2019 residents may not deduct more than $10,000 in state and local payments from their federal taxes, which, for higher taxed areas of Connecticut such as Fairfield County and West Hartford, could prove problematic, Democratic GovDannel PMalloy does not plan to sign an executive order requiring pre-payments of local property taxes, a move that would let residents deduct the payment from federal taxes early. Ben Barnes, Malloy's budget director, told municipal leaders Wednesday it's impractical to mandate that municipalities accept pre-payments because communities have not yet set tax rates for the new fiscal year, which begins July 1Also, he says property tax collection is a local, not a state, matter. New York's and New Jersey's governors signed orders requiring municipalities to accept pre-paid local taxes before a $10,000 cap on state and local tax deductions goes into effect next year. Other Connecticut communities, such as New Canaan and Stamford, are accepting early payments of real estate and motor vehicle taxes due Jan1. The IRS has issued an advisory that hasn't helped to clarify the issue for many state residents. 41.763711 -72.685093 Filed in: News Topics: Hartford, taxes Suggest a correction × Suggest A Correction Your name Your email Report a typo or grammatical error Cancel FacebookTwitterPinterestLinkedInGoogleEmail window._taboola = window._taboola || []; _taboola.push({"mode":"thumbs-3r","container":"taboola-below-article-thumbs-hybrid-mix","placement":"below-article-thumbs-hybrid","target_type":"mix"}); window._taboola = window._taboola || []; _taboola.push({"mode":"hybrid-text-links-2c","container":"taboola-below-article-text-links","placement":"below-article-text-links","target_type":"mix"});

Trending Connecticut News:


  • Plainville, CT Homes For Sale & Real Estate
  • Obituary: Betty C. Schley — Long-time Darien resident, successful real estate agent
  • A snapshot of downtown Louisville real estate, from Humana staying put to older offices becoming residential
  • Report: Home sales in Conn. flat so far this year
  • 5 Mistakes Can Implode an Estate Planning Strategy
  • China Life Invests in $2 Billion of Starwood Capital Hotels (3)
  • Senior Center News: March 30
  • Greenwich maintaining real estate independence
  • Port Chester Wants to Grow, but Exactly How Is the Question
  • 2017's Biggest Celebrity Real Estate Winners and Losers
  • Recent Leases and Sales: Farms Village Changes Hands; Perfect Racquet Deal
  • Pearce Real Estate Collects 82 Coats In Charity Drive
  • Southington, CT Homes For Sale & Real Estate
  • Pair sentenced for mortgage fraud
  • Donald Trump Acknowledges Not Paying Federal Income Taxes for Years
  • HomeServices buying NYC-area real estate firm Houlihan Lawrence
  • Murphy To Hold Forums Friday On Tax Reform's Impact On Connecticut
  • CT foreclosure inventory fell in May
  • Shaner Hotel Group to build inn at Hyde Park’s Bellefield development
  • 8101 Connecticut Ave Apt S600