The capital city is joining other municipalities in addressing the influx of residents looking to pay their property taxes early to take advantage of one last federal tax deduction.
The tax collector’s office is accepting payments on the second installment of property taxes due Monday, according to a notice sent by the city Friday.
The tax overhaul signed last week by President Donald Trump puts a new $10,000 limit on the amount of state and local taxes people can deduct from their income when calculating their federal tax liability. That new cap could translate into a tax hike of hundreds or even thousands of dollars in mostly wealthier, high-tax states like Connecticut.
As a result, people are paying their 2018 taxes in advance, trying to delay that hike for another year. In response, Hartford is accepting “overpayments” that can be applied to the 2018 bills by written request from the taxpayer.
Residents were mailed their bills for 2017 earlier this week, and the amount owed had been previously listed in bills sent in June for the month of July 2017.
If taxpayers want to make payments before Sunday, they can do so through the city’s website, or send them in the mail if the payment is postmarked by Sunday.