STREAMING NOW: Watch Now

Local people rush to pay property taxes

Locals rush to pay property taxes

Posted: Dec. 28, 2017 6:07 PM
Updated: Dec. 28, 2017 7:03 PM

MASON CITY, Iowa- Many people all over the nation are rushing to pay their property taxes earlier including in Cerro Gordo County.
According to the County Treasurer’s Office, they have seen more than a million dollars in revenue this year than last year. They say the reason for that is because of the new federal tax plan that was recently passed. The plan only allows for $10,000 in deductions and those who pay it before the first can still right off the taxes under the current tax plan.

“We’re probably at $1.5 million today,” says Pat Wright, the Cerro Gordo County Treasurer. “Typically it is a slower time of the year. We always have those people you come in to pay their taxes early, but this year is definitely a big rush.”

Wright says folks have a couple of days left to get their property taxes paid if they wish to deduct the property taxes under the old plan. Wright says her office doesn’t give advice to whether people should or should not pay their property taxes early she says people should ask their financial adviser for recommendations.

Article Comments

Mason City
Overcast
22° wxIcon
Hi: 26° Lo: 19°
Feels Like: 9°
Albert Lea
Overcast
23° wxIcon
Hi: 24° Lo: 18°
Feels Like: 16°
Austin
Overcast
25° wxIcon
Hi: 26° Lo: 20°
Feels Like: 15°
Charles City
Overcast
25° wxIcon
Hi: 27° Lo: 20°
Feels Like: 12°
Rochester
Overcast
24° wxIcon
Hi: 26° Lo: 19°
Feels Like: 15°
More clouds as temperatures stay chilly.
KIMT Radar
KIMT Eye in the sky

Latest Video

Image

Rochester community helping bring Santa Claus to Med-City

Image

Prep basketball highlights from Southern Minnesota

Image

Bridge Avenue construction plans unveiled

Image

Prep basketball highlights and scores across North Iowa

Image

Exhibit on race

Image

Farm bill passes

Image

Firemen Receive Promotions

Image

Golden Apple Award: Mrs. Sheryl Putz

Image

NIACC's Hardrict names ICCAC POTW

Image

Drug Court Graduation

Community Events