CT accountants see early rush for 2018 property taxes

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Accountants in Fairfield County say they're seeing a rush of people trying to pay their 2018 property taxes early.

Connecticut allows for people to pay their property taxes up to a half-year in advance; anything more than that will be returned.

The rush comes just weeks after the Trump administration passed a tax reform bill, capping state and local property deductions at $10,000 across the board.

Connecticut residents can complete the Jan. 1 and April 1 payments by Dec. 31. Fairfield First Selectman Mike Tetreau says he's speaking with state officials to come up with solutions to alleviate the burden on taxpayers.

"What we also need to focus on is those that aren't so wealthy, the low-income people that have a home, that are just making it by," Tetreau says. "And anything that makes that home more expensive, could quite literally end up forcing people out of their homes."

People are advised to speak with their personal accountant or tax adviser before making any big decisions to determine if they would benefit from paying in advance.

Gov. Dannel Malloy says he doesn't plan on signing an executive order to allow prepayment for local property taxes. His staff says it's not practical to require municipalities to accept prepayments because communities have not yet set tax rates for the new fiscal year that begins July 1.

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