April 30, 2010 in Property Taxes
Is it possible to have two different assessors give two different assessments of two same properties? Unfortunately, the answer is yes. Even though assessors follow guidelines, everyone sees something different. One assessor may see your property as a little run down and assess a lower value while another assessor assessing a property very close in looks and structure to your property may see it as worth the money and give a higher value. This in turn causes confusion for property owners. Even though they follow the same guidelines, their tastes are different and results in two different assessment values. Read more...
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April 3, 2010 in Property Taxes
When you buy a house or property, the mortgage company that holds your mortgage usually has an escrow account set up, which holds your monthly payment towards your homeowners insurance and property tax. The standard procedure is for the mortgage lender to send you the money in a form of a check in December to pay your property tax. If you do not receive this check by the end of December, you should consult with your mortgage lender. The idea of paying your property taxes before the end of the year, means you can claim it on your current years tax return that you will file in January or February. Read more...
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