if an amount is escrowed for property taxes, they why do we have to pay taxes twice every year?
404782
When you get a property tax statement, is it from the escrow company or the taxing authority? In some locations the taxing authority will send the tax bill to the escrow company and a copy to the property owner. In others they send the bill to the property owner and the owner must get it to the escrow company.\n\nMost escrow companies like to hold the money as long as possible and only pay at the last minute.\n\nIf I were you, I would be talking with the escrow company about this to see what is going on.
461208
Your property taxes reduce your tax liability.  In other words, if you are getting a refund, it should increase your tax refund.
75456
Because the tax is on the sales activity, not the item.  Therefore, each additional sale is another opportunity to tax the activity.
55006
Basically your standard deduction is doubled and your tax will be at a lower rate. If there are kids, you have more deductions depending on your income and their ages.
205808
It will depend not only on the insurance company you are with, but also who your mortgage is with.  Most insurance companies will allow payments.  In fact, some only give the option of paying annual or automatic deduction from a bank account.\nSome mortgage companies insist on escrowing for insurance and paying the premium themselves.  If this is the case, you are making monthly payments to your escrow account when you make your monthly mortgage payment.
928426
Property taxes are a matter of civil law.  If a jurisdiction gets a civil judgment against a military member the military will garnish the member's pay to satisfy the judgment.
426263
city taxes come from homeowners and sales tax.  It goes to pay for garbage collection, education, city employee wages etc
752385
Check with your local government, probably your County since that is usually the entity which collects property taxes.
200848
Generally it is because long time resident have paid taxes that are allocated to the schools.  People from outside the state have never contributed to the state where you intend to go to school.  Therefore they charge more.
777132
Huh?  What is the exact nature of this question?\n\nProperty taxes are not "sold", they are paid in semi-annual installments by the title holder of the property.\n\nThe property may be sold as a result of default (nonpayment) of property taxes and is usually done so at auction to the highest bidder.  Then it becomes the property of that person, a tax sale deed is recorded in county records to evidence the transfer and the sheriff will remove any occupants once eviction proceedings occur.  \n\nThe title holder of the property may pay off bonds that are taxed on the property too.  This just lowers the annual property tax assessment by the amount of the bond payments.\n\nThe only other and final answer I can think of is when the title holder attempts to acquire land patents from the state and federal governments in order to hold the land alloidally.  In such case, the title holder pays off all bonds and pays property taxes for 99 or 100 years and is removed from the property tax and property assessment rolls and is free from zoning and other regulatory oversight.  Unusual, long process when and if it is allowed.
169148
With a few exceptions, a house is re-assessed for tax purposes every time it is sold.  There are a lot of reasons for this, but the primary one, as always with taxes, is that the county can get away with it!  More realistically, since the value of the property probably went up (that is, you are paying more than the people you are buying it from paid when they bought it), then the taxes are going to go up.  If it were not so, eventually property taxes would cease to be a significant source of revenue for the county, because their expenses and other taxes would go up while property taxes did not.  Taxes also go up when a higher percentage is assessed by the county, but that will still normally be a much less significant increase than the reassessment.  That is because all home-owning taxpayers get hit with that, whereas the reassessment only hits a few at a time.  Votes, you know!
426541
Response from "Don't Know" is pretty close.  The answer should be IF your house payment includes taxes and insurance you have what is commonly know as an escrow acct.  As she said you receive funds left over when you pay-off a loan.  However, sometimes you get an overage check when you escrow account has been audited.  By law your mortgage company is only permitted to have a certain percentage of excess funds in the account.  If they mis-calculate the amount they have collected you may see an overage check while your loan is still open.
1173689
Not sure what you mean by payment fee.\n\nYour mortgage payment should only include your principal and interest payments.  If you have set up an escrow account, you will also pay towards taxes and insurance monthly.  \n\nIf you are late, you will be charged a late fee.\n\nHave you asked your lender about this?
1075580
Yes...and it is pretty complex to do so.  You need a competent accountant, or you will either end up in trouble or end up paying too much.
1041127
I believe it is like our Property Taxes, which are billed annually or semiannually, based on a percentage of the last sale price or your home, condo, etc.
163710
There are legal ways to put your rent money into escrow, you just can't stop paying rent. There are state housing laws requiring landlords to maintain property in "healthful and safe" condition. Contact a lawyer or research escrow accounts.
366209
Your question is not completely clear. Do you think you pay a tax when you buy the house? Or are you asking about the yearly property tax that you must pay if you own property in a specific county.?