A new federal tax bill was signed into law on Dec. 22, 2017 that 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 order to potentially claim the deduction before the new federal tax law goes into effect.
The Governor’s Executive Order does not authorize school districts to collect 2018-19 real property taxes.
Unlike towns and counties who typically issue their tax warrants in December and collect in January, the majority of school districts in New York State issue their tax warrants in August and collect in September. To that end, the Liberty Central School District is not able to provide estimated tax bills for the 2018-19 school year since the district will not adopt a budget and tax levy for the upcoming school year until the May 15, 2018, school budget vote date.