Escrow, Taxes, & Insurance Sending Property Tax Bills We receive tax bills for escrowed accounts, so you don’t need to send us your copy unless the bill is for delinquent taxes or a supplemental/interim tax.

On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow (taxes & insurance), and anything else. Other key information on your monthly statement includes year-to-date amounts and your current interest rate.

A 100% Tax Exemption means that you do not have to pay any of your property taxes. Example: A customer with an assessed home value of $200,000 may be assessed to pay 2% in tax of their homes value, $4,000.00.

Your statement will be available online around the middle of January, leaving you plenty of time to reference it for filing your taxes. If you are not signed up for Paperless, your statement will be mailed to you by January 31st.

Escrow, Taxes, & Insurance Issues with Your Property Taxes If you have an escrow account and you receive a delinquent tax bill, let us know right away so we can sort out what happened.

The delinquency date is the last date that taxes can be paid before there is a penalty added. If, on the off chance, we miss the delinquency deadline, we’ll cover the difference and reimburse the penalty amount into your escrow account. Some tax authorities even offer “early paymen...

On your monthly statement, you’ll see what you owe and how much is going to principal, interest, escrow (taxes & insurance), and anything else. Other key information on your monthly statement includes year-to-date amounts and your current interest rate.

An escrow—or impound—account is where funds are held to pay property tax and insurance bills on your behalf. If your loan is escrowed, a part of your mortgage payment goes into your escrow account every month. Then we use the money to make your property tax and insurance paymen...

Here are some of the most common closing costs: The money you put in an escrow account each month is used to pay property taxes and insurance related to your property. Some lenders may require you to escrow depending on the circumstances of your mortgage. If you have an escrow acco...

Unlike your ordinary annual taxes, the supplemental tax is a one-time tax which starts from the date you take ownership of your property or complete the construction until the end of the tax year on June 30th.