Gov. Cuomo’s executive order does not allow for prepayment of 2018-19 school property taxes
The new federal tax bill that was signed into law on Dec. 22 caps the allowable deduction for state and local income, sales and property taxes at $10,000 beginning in 2018. Gov. Andrew Cuomo subsequently signed an Executive Order designed to help New York taxpayers pre-pay their 2018 property taxes before Dec. 31, 2017 in …