I'd like to pay the 2018 property taxes for my personal home, as well as my investment property, in the 2017 tax year if possible.
The reason is that, if the federal government revises the tax law and doubles the standard deduction, I effectively won't get any tax benefit from property taxes in 2018, because I wouldn't have enough to deduct to be able to itemize my deductions.
I called the city and asked if I could send them money now. They said no because they don't prepare next year's tax bills until the first week of January.
I'm thinking I'm out of luck, but wondering if anyone has creative ideas on how I could pay some or all of my 2018 property tax bills before the end of 2017. Is there a way to put money in an escrow account and count it as a 2017 payment, for example? Or just write the city a check now, before getting my tax bill?
I know the answer is probably just that there is no way to do this. But I pay about $17k in property taxes, so it is a significant savings if I can deduct it.
By the way, I don't have a mortgage on any of my properties. I just pay the taxes myself, directly to the city.