If your property taxes are greater than $10,000 take note!
With the recent tax changes that passed, there is a $10,000 maximum deduction on property taxes per my CPA (check with yours to confirm). As a result, you should pay your 2017 property taxes no later than 12/31/2017. If mailing, it needs to be postmarked by this Saturday, Dec. 30th.
There has been a lot of conflicting information, so please consult with your CPA to confirm.
The following is from the Washington Post:
UPDATE: The Internal Revenue Service said late Wednesday that homeowners can only deduct prepaid property taxes from their next income tax filings if those property taxes were assessed and paid during 2017. Most jurisdictions say they have not yet sent out property tax bills for the coming year which, according to the IRS, would mean property owners can not pay in advance and then claim a deduction before a new federal cap on deductions takes effect.
For Travis County, you can make your payment online via “e-check” for $1.00. Here’s the link: https://travis.go2gov.net/cart/responsive/search.do.
Texas law requires all licensees to provide the information in these links:
Information About Brokerage Services TREC Consumer Protection Notice