guidance about the ability of people to prepay property taxes this year. The tax bill explicitly prevented people from prepaying state income taxes, but it did not address prepayment of property taxes. That gave homeowners a brief window to pay their 2018 property taxes in 2017, and to take the full deduction when they file their federal returns this spring. The memo said that property taxes paid this year would be subject to the old 2017 rules — but only if the taxes are actually assessed in 2017. The line snaked down the hall as hundreds of residents waited to get their property tax bill and then pay it.

Source: New York Times December 29, 2017 00:48 UTC