Flooded taxpayers eligible for abatement
News Staff
Thursday, January 9, 2025
Taxpayers affected by the flood will be eligible to file for an abatement for the taxes due in 2025. Those taxes are for the 2024 tax year. The 2024 tax year is from November 1, 2022, to October 31, 2023. But whenever there is a natural disaster such as flood or fire, taxpayers may apply to abate taxes for that calendar year, even though those values were set over a year ago. The tax bills you will receive in January are not for this past year, including the flood. They are for 2024 tax year payable in 2025. This past calendar year is for the 2025 tax year. You will not receive a tax bill for those values until 2026 (payable in 2027). November 1, 2024, started the 2026 tax year (payable in 2027). This illustrates how we are ahead of the treasurer.