Medina County Treasurer John Burke reported this week that taxpayers are trying to prepay their 2018 real estate property taxes by December 31, 2017 to get the most from itemized tax deductions on their 2017 IRS tax return.
According to numerous sources, the new federal tax law passed by Congress and the President will limit the federal itemized deductions for state and local income tax and real estate property tax to $10,000 in the future. “The new tax law has caused a flurry of activity in the Treasurer’s Office. People are trying to pay their next year property taxes now before the end of 2017,” said Burke. The Treasurer also stated that payments for multiple future years will not be accepted.
As of Monday, the Treasurer’s Office had not received the new calculated taxes to be sent out in 2018. But this should not stop taxpayers from prepaying their taxes if they wish, according to Burke. Taxpayers can pay the same amount of property tax they paid in 2017 as an estimate. When the Treasurer receives the new 2018 tax bill amounts from the Auditor, if there is any balance due because of new levies etc., it will be billed at that time.
Of course, taxpayers can pay their taxes in person at the Treasurer’s Office. Hours are weekdays 8 am to 4:30 pm. If tax payments are mailed they must postmarked by December 31, 2017 for yearend payment.
Taxpayers can pay their property taxes right up to midnight on December 31st by using the County Treasurer’s website. Just go to medinacountytreasurer.com and select “Search and Pay Taxes” on the left. Then you can search for your property by name, address or parcel number. Once you locate your property select “view” and it will show your last property tax bill and if it was paid. Then select “Add to Cart” and a box will come up to enter the dollar amount you wish to pay.
There are numerous ways to make a payment. You can use an electronic check which has a fee of fifty cents or you can use a credit card or PayPal account which has a fee of 2.25% of the payment amount. These fees go to the vendor or bank. The County does not receive any of the fees.
Some taxpayers have recently asked to pay property taxes for several years in advance. “According to Ohio Revised Code taxpayers can only prepay one year of property taxes, so that means we can only take a payment amount for 2018 taxes by December 31, 2017 yearend,” said Burke.
The Treasurer’s office can be reached by calling 330-725-9748, sending an email to email@example.com or by stopping by the office in the County Administration Building.