| Author |
Message |
    
MHD
Citizen
Username: Mayhewdrive
Post Number: 3305
Registered: 5-2001
| | Posted on Wednesday, February 1, 2006 - 7:44 am: | 
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I saw a note on another thread that people hadn't received their tax bills, so I just wanted to post a reminder that Tax bills are due TODAY (Feb 1).
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Pizzaz
Supporter
Username: Pizzaz
Post Number: 3096
Registered: 11-2001
| | Posted on Wednesday, February 1, 2006 - 7:59 am: |
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Tax bills are mailed in August. The 1st and 2nd quarter's coupons are included. They represent a preliminary tax levy for the current year. The calendar year mailing represents the assessment and the amount of property tax levied for the prior year. |
LibraryLady(ncjanow)
Supporter
Username: Librarylady
Post Number: 2962
Registered: 5-2001
| | Posted on Wednesday, February 1, 2006 - 10:23 am: |
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Although they are due on the first, there is a 10 day grace period, as well.
Nancy Chiller Janow
On a coffee break..or something like it.
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Jersey Boy
Citizen
Username: Jersey_boy
Post Number: 92
Registered: 1-2006
| | Posted on Wednesday, February 1, 2006 - 9:52 pm: |
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What are you guys talking about? We think our property taxes are paid by our mortgage company. Is this just an option you didn't select? Or is your house fully paid off and you only pay the taxes?
Or have I made a terrible mistake? |
MHD
Citizen
Username: Mayhewdrive
Post Number: 3308
Registered: 5-2001
| | Posted on Wednesday, February 1, 2006 - 9:56 pm: |
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I chose to pay my taxes on my own so I didn't have to put money upfront in escrow when I got my mortgage. |
Pdg
Citizen
Username: Pdg
Post Number: 369
Registered: 5-2004
| | Posted on Wednesday, February 1, 2006 - 9:59 pm: |
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The bank pays your taxes with the escrow portion of the money you've paid the bank in your mortgage payments.
You can avoid a too large escrow (on which the bank makes money) if you qualify and pay an extortionist fee to the bank holding your mortgage and simply budget to pay your taxes like you pay any other bill, yourself.
When we refinanced our mortgage, we were able to arrange to take responsibility to pay our homeowners insurance ourselves. Then, when our escrow was going up way higher than future tax payments, we contacted the bank, found out the requirements and wound up paying our taxes ourselves. They charged us just under $800 for the honor of paying our taxes ourselves.
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Dave
Supporter
Username: Dave
Post Number: 8520
Registered: 4-1997
| | Posted on Wednesday, February 1, 2006 - 10:03 pm: |
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It's good to be a bank |
Jersey Boy
Citizen
Username: Jersey_boy
Post Number: 94
Registered: 1-2006
| | Posted on Thursday, February 2, 2006 - 1:17 pm: |
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All this talk is making me dizzy. I don't think I made a huge mistake, though. I truly am not the pay-for-it-myself rather than escrow type. I'd probably spend the $800 to get control over it and then forget to pay it every year and suffer late penalties.
Thanks for the education.
J.B. |
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