Prepayment of Taxes

As a result of the recently adopted “tax reform” law that reduces the deductibility of real property taxes to a maximum of $10,000, the Village anticipates receiving inquiries from the community regarding the pre-payment of 2018 Village real property taxes in 2017.

On December 22, Governor Cuomo issued an Executive Order authorizing municipalities with fiscal years commencing on January 1 to accept prepayments of taxes for the 2018-2019 fiscal year. Unfortunately, this Order does not have any impact on Village tax payments as the Village’s fiscal year begins on June 1.

The collection of real property taxes is authorized and governed by New York State Real Property Tax Law and Village Law. As provided in the Real Property Tax Law, the Village Administrator is authorized to accept taxes upon the issuance of a warrant from the Village. The warrant cannot be issued until the completion of the tax levy, which levy issuance is contingent upon the completion of the budget process. The Village, which has a fiscal year commencing on June 1, cannot commence the first steps of the budget process until February 2018, and the levy (and thereafter the warrant) is to be determined in May 2018.

Until the warrant issues, which will not occur prior to May 2018, the Village Clerk Administrator is not authorized to collect any prepayment of Village real property taxes. Accordingly, the Village Administrator cannot accept pre-payment of 2018 Village of Williamsville real property taxes in 2017.

For Village/Amherst residents, please refer to the Town of Amherst website for pre-payment guidance.

For Village/Cheektowaga residents, please refer to the Town of Cheektowaga website for pre-payment guidance.

For more information, please see the December 27th release from the Internal Revenue Services.

IRS Advisory: Prepaid Real Property Taxes May Be Deductible in 2017 if Assessed and Paid in 2017