Find Real Estate Agents and Homes for Sale


Real Estate News --> New Jersey News

NJ folks rush to pay 2018 property taxes


In Haddonfield, New Jersey several hundred people have been flocking to the tax collector's office to pay their 2018 property taxes before the new year kicks in. But why? Former Mayor Jack Tarditi said, "So I don't get clocked as much as I'm gonna get ...


Archived Story

sharesharetweetemail EMBED </>More Videos <iframe width="476" height="267" src="http://6abc.com/video/embed/?pid=2840159" frameborder="0" allowfullscreen></iframe>NJ folks rush to pay 2018 property taxesDann Cuellar reports during Action News at 11 p.mon December 29, 2017(WPVI) WPVIBy Dann CuellarSaturday, December 30, 2017 12:35AMHADDONFIELD, N.J(WPVI) -- In Haddonfield, New Jersey several hundred people have been flocking to the tax collector's office to pay their 2018 property taxes before the new year kicks in.But why? Former Mayor Jack Tarditi said, "So I don't get clocked as much as I'm gonna get clocked on the change of the taxes."Beginning in 2018, there is a $10,000 cap on deductions for state and local income taxes.Tarditi says for people in New Jersey, who pay among the highest property taxes in the country this is bad news."It's unfortunate that there wasn't enough thought to how this is gonna affect people in states like New Jersey, New York, Connecticut and California, and it's gonna be a disaster," Tarditi said.In Cherry Hill, Steve Urich was among those paying early before the cap takes effect.He said, "I have a couple properties, I have a second home so that's why I wanted to pay it ahead or I would lose probably a $6,000 deduction."First of all, as a matter of principle, some people will tell you "I never feel good about taxes."And having to pay them early to qualify for the full deduction adds insult to injury."It's gonna affect my taxes greatly, this is not fair, our taxes are a lot higher than $10,000," Wendy Stuessy of Cherry Hill said.Jeanne Lleneado of Haddonfield added, "It's lucky for me that I have enough savings to accommodate for this, but unfortunately some other members of my family and friends, and relatives do not have the ability to pre-pay.""Obviously it's a cash flow issue but at the same time, I think you need to take advantage of the current situation which allows you to deduct taxes in 17 but not in 18," Brian Hughes of Haddonfield said.In Cherry Hill, the tax office will be open on Saturday from 9 a.mto noon to allow people extra time to pre-pay.And the tax collector in Haddonfield reminds everyone to contact their mortgage company if their taxes are being escrowed Haddonfield Tax Collector Terry Henry said, "Let them know that they pre-paid so it doesn't double up cause the mortgage company is still taking out the escrow payment."Tax collectors cannot offer financial advice, but they urge taxpayers to seek professional advice on how this situation will impact you.------Send a breaking news alert to Action NewsReport a correction or typoWant to comment?Learn more about the 6abc apps Related Topics:realestaten.jnewsnew jersey newsproperty taxes Email sharesharetweetemail (Copyri

Trending New Jersey News:


  • Industrial U.S. Seaport Outlook: Port of New York and New Jersey
  • Long known for music, Asbury Park, New Jersey, starts to embrace its artsy side
  • NJ Monthly Ranks Westfield Among Top 100 Towns
  • New Jersey Marketing & PR Firms: Where Are You?
  • Old friend of real estate heir Durst speaks in murder case
  • Retreat to the Urban Core
  • Iowa backers haven't heard from New Jersey's Chris Christie
  • Business & Economy
  • MLK arranges joint venture, bridge loan for New Jersey office park acquisition
  • Former mail facility in Hanover Township sold
  • Best Apps For Finding Your Dream Home In The Tri-State Area
  • Scotch Plains-Fanwood, NJ Real Estate: Newly Listed Homes for Sale
  • How a creative mastermind came to dominate N.J.'s luxury real estate market
  • What happens to all that Toys 'R' Us real estate?
  • Kellyanne Conway pitches GOP tax plan in New Jersey
  • Exclusive Interview: How Jared Kushner Won Trump The White House
  • Real Estate, Whitney and Woods Share "Auld Lang Syne"
  • Trump: Christie will move past scandals
  • Hundreds sickened with stomach bug at NJ high school
  • Charles Oppler: Well-Versed in the Language of Luxury