Mahoning Treasurer Taking Early Tax Payments

YOUNGSTOWN, Ohio – Following an “unanticipated” number of questions about prepaying 2018 real estate taxes, the Mahoning County Treasurer’s Office has detailed how tax prepayments may be submitted.

“The pending tax reform bill may have an effect on the itemization of the deduction for real estate taxes on the individual 1040 income tax return,” said Treasurer Dan Yemma. “As a result there are taxpayers who wish to ‘prepay’ in 2017 the real estate tax bill normally paid in calendar year 2018.”

The new law will cap at $10,000 the amount a taxpayer can claim as a deduction for real estate property taxes. But tax prepayments may not fully avoid tax liability, according to national press reports.

Tax prepayments can be made in person at the treasurer’s office at the Mahoning County Courthouse, 120 Market St. in downtown, through the close of business Friday at 4:30 p.m.

Mail payments are also being accepted. In a one-time exception, the office will accept any payments postmarked by the U.S. Postal Service by Dec. 31. Payments made in this manner must include the parcel number or address of the property.

The online payment process cannot be used to prepay taxes, Yemma said.

Tax prepayments should be based off the amount paid in 2017, he added. For those unsure of what was paid, and for any other questions, call 330 740 2460.

Copyright 2024 The Business Journal, Youngstown, Ohio.