MARK KOHLERMain Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, Main Street Professionals, LLC · Owner at Main Street Professionals, LLC

Last Chance to Save Big on Your Property Tax Bill

12 Aug 2025 · 1 min

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0:33

In this segment of the YouTube video, Mark Kohler explains the critical 2025 state tax deposit deadlines for New York and California and why taxpayers should act promptly. He notes that New York requires the state tax deposit to be made by September 15, emphasizing that the state wants the funds early to earn interest, but the taxpayer benefits more from the write‑off than from the few months of interest they might lose. For California, the deadline is earlier—June 1—to file a form indicating the intent to make the deposit and to send a minimum of $1,000. Kohler highlights the strategic advantage of meeting these deadlines to secure tax benefits and avoid missing out on the write‑off.

Chapters

In New York, if you're going to make this state tax deposit for 2025, you have to do it by September 15th. So the state of New York says, oh, you want to do this? We want to see all this money deposited by September 15th, because we'd love to earn interest on that for the fourth quarter if we're going to give you this little benefit. So the time value of money comes to play. But it's always better to get that write off than worrying about annual interest for three to four months. But New York has a deadline of September 15th. California, the deadline is June 1st to file a form that says, I'm going to do this, and you have to send in at least $1,000.