Great news to everyone who waited to buy the Galaxy Tab until the new year, Verizon has just officially dropped the price of the tablet to $499. Verizon has just started switching out displays in store that will reflect the new pricing.

But that’s not all, with a purchase of the Tab the customer will receive $60 worth of free movies from the Media Hub or Blockbuster app. Quite the deal to start of the new year!

Also, it’s worth noting that customers who have purchased the Galaxy Tab within the last 14 days can get a refund of $100, so head back to the store for your New Year’s refund!

[Via DroidLife]