Early and happy taxpayers
The tax bill signed into law by President Donald Trump Dec. 22 prompted many local property owners to pay taxes early.
This year, $12,930,809.82 in 2018 property taxes were prepaid by the time Carver County offices closed Dec. 29, 2017. By the end of 2016, the prepaid amount was $652,126.42, according to Dave Frischmon, Property and Financial Services director. The total number of payments grew from 144 in 2016 to 2,077 in 2017.
That’s because the new tax law caps deductions at $10,000 for local and state taxes in 2018. Taxpayers got out their checkbooks earlier than usual, hoping to skirt this new rule.
Small Town News 