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TFM offers guidance on 2018 property tax questions

Johnson County Treasury and Financial Management has been fielding questions about pre-paying 2018 property taxes. On Wednesday, the IRS clarified that only taxes that have been assessed in 2017 and paid in 2017 will be deductible. For Johnson County, that means taxpayers can pre-pay their May 2018 second-half tax installment in 2017 but taxpayers cannot pay the tax bills that will be assessed in November 2018.

Taxpayers with questions should contact a tax preparer or accountant for information specific to their situation. We will provide more information as guidance becomes available from federal and state entities.