2018 Property Tax Prepayment Frequently Asked Questions
Due to recent federal income tax law changes, many taxpayers are choosing to prepay 2018 property taxes. If you would like to do so, please read the frequently asked questions below before making your payment:
1.) What forms of payment are accepted?
a. Prepayments may be made via check or cash. Online payments for prepayments are not accepted. We recommend you indicate in the memo line “2018 Prepayment” AND your parcel identification number(s).
2.) What amount can I prepay?
a. You may prepay any amount on a parcel up to the amount on the Truth-in-Taxation statement. Payments in excess of your actual 2018 taxes will be refunded back to you after tax statements are finalized in March.
3.) What if I pay too little?
a. Check your tax statement(s) in March for any balance owed and be sure to pay by the applicable due date or penalty will be accrued.
4.) What if I want a refund on my prepayment later (tomorrow, next week, next month, etc.)?
a. Refunds will not be issued on any prepayments unless you have overpaid when tax statements are finalized in March.
5.) I have an escrow account and I want to prepay my taxes. Do I need to do anything else?
a. We recommend you contact your escrow company to determine how this will affect your escrow or if any additional steps will need to be taken if you choose to prepay your property taxes.
6.) I am currently enrolled in the Direct Payment Plan (ACH/Direct Debit) with Lyon County. What will happen if I prepay my 2018 property taxes?
a. If you are currently enrolled in Direct Payment Plan with Lyon County, prepaying property taxes will adjust your tax accordingly (or stop collection for 2018 if already paid in full).
7.) What is the deadline for making a prepayment?
a. All prepayments must be received by the Auditor/Treasurer's office by close of business at 4:30 PM on Friday, December 29, 2017. We cannot honor postmark dates or predate items brought to the office or found in the dropbox in 2018.
If you have further questions regarding how prepaying your 2018 property taxes will affect your income tax return, please consult with a professional income tax preparer.