Property Tax Payment Reminder

MADISON –The Department of Revenue is reminding property owners that property tax payments must be made by December 31, 2007 to be included on individual income tax returns in 2008.

Each year, municipalities send out property tax bills to individual property owners.  Property tax payments are a legitimate credit property owners can take on their individual income taxes.  However, property owners must pay their bill on or before December 31, 2007.  If the taxes are paid on or after January 1, 2008, the credit cannot be taken until the 2008 tax season, in 2009.

For questions or concerns on an individual tax bill, property owners should contact their local municipalities.