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Homeowners and property tax question

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Steel Valley Football

Senior Member

4,548 posts
Sep 8, 2011 1:25 PM
I'd like to bang LJ in the keyster while he and dynasty debate the pros and cons of escrowing.

He would most certainly give me reps when I was through w him.
Sep 8, 2011 1:25pm
LJ's avatar

LJ

Senior Member

16,351 posts
Sep 8, 2011 1:30 PM
Steel Valley Football;887467 wrote:I'd like to bang LJ in the keyster while he and dynasty debate the pros and cons of escrowing.

He would most certainly give me reps when I was through w him.
Not gay, and definitely don't want anything to do with your little dick.

Neg repped for gayness
Sep 8, 2011 1:30pm
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Steel Valley Football

Senior Member

4,548 posts
Sep 8, 2011 1:42 PM
Gay? Who said anything about being gay? Neg reps for being a homophob!
Sep 8, 2011 1:42pm
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Skyhook79

Senior Member

5,739 posts
Sep 8, 2011 1:42 PM
Well this thread took an interesting turn...
Sep 8, 2011 1:42pm
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like_that

1st Team All-PWN

26,625 posts
Sep 8, 2011 1:43 PM
Steel Valley Football;887484 wrote:Gay? Who said anything about being gay? Neg reps for being a homophob!
Well you did say you would like to bang him....
Sep 8, 2011 1:43pm
S

Steel Valley Football

Senior Member

4,548 posts
Sep 8, 2011 1:54 PM
like_that;887488 wrote:Well you did say you would like to bang him....

..and?
Sep 8, 2011 1:54pm
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like_that

1st Team All-PWN

26,625 posts
Sep 8, 2011 2:15 PM
This must be an age gap thing....
Sep 8, 2011 2:15pm
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thavoice

Senior Member

14,376 posts
Sep 8, 2011 2:38 PM
Good infor LJ. Dont know if having it in escrow is necessary for my mortgage and yeah, I would probably be better served saving that money and earning some interest and such but I guess it is the price to pay to make sure it gets saved and done.


Your answer was right. I actually got another letter last night stating that my taxes will go down now due to it starting in 2012 so that was cool
Sep 8, 2011 2:38pm
S

Steel Valley Football

Senior Member

4,548 posts
Sep 8, 2011 2:47 PM
Well, considering your taxes are a function of your assessed value, lowering the assessed value will lower your taxes paid; ceteris peribus. It's not rocket science.
Sep 8, 2011 2:47pm
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thavoice

Senior Member

14,376 posts
Sep 8, 2011 2:52 PM
no shit sherlock. My original question was if I had to do anything now or if they would automatically get adjusted.
Sep 8, 2011 2:52pm
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FatHobbit

Senior Member

8,651 posts
Sep 8, 2011 3:21 PM
thavoice;887562 wrote:Good infor LJ. Dont know if having it in escrow is necessary for my mortgage and yeah, I would probably be better served saving that money and earning some interest and such but I guess it is the price to pay to make sure it gets saved and done.


Your answer was right. I actually got another letter last night stating that my taxes will go down now due to it starting in 2012 so that was cool
Will the bank adjust the amount you put into escrow? Or will you be overpaying for a while?
Sep 8, 2011 3:21pm
W

WebFire

Go Bucks!

14,779 posts
Sep 8, 2011 3:22 PM
FatHobbit;887632 wrote:Will the bank adjust the amount you put into escrow? Or will you be overpaying for a while?
You'll overpay until the bank gets the actual bill.
Sep 8, 2011 3:22pm
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thavoice

Senior Member

14,376 posts
Sep 8, 2011 3:49 PM
FatHobbit;887632 wrote:Will the bank adjust the amount you put into escrow? Or will you be overpaying for a while?
Dammit. That is a good question, one that I guess I will have to get asked. If i remember right the letter said the information gets passed on and such so I am thinking it will auto adjust. Wont start until the next payment in January so I have time to figure it out.
Sep 8, 2011 3:49pm
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thavoice

Senior Member

14,376 posts
Sep 8, 2011 3:50 PM
WebFire;887635 wrote:You'll overpay until the bank gets the actual bill.
Then will they adjust it for the second payment of the year?
Sep 8, 2011 3:50pm
S

Steel Valley Football

Senior Member

4,548 posts
Sep 8, 2011 3:55 PM
thavoice;887587 wrote:no **** sherlock. My original question was if I had to do anything now or if they would automatically get adjusted.

My bad. I thought it was obvious. That's like asking "If I earned more money this year and my income goes up, will my income tax due automatically get adjusted"?

That's kind of pompous on my part, I know. But, I'm smart like LJ. :)
Sep 8, 2011 3:55pm
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FatHobbit

Senior Member

8,651 posts
Sep 8, 2011 4:04 PM
thavoice;887674 wrote:Dammit. That is a good question, one that I guess I will have to get asked. If i remember right the letter said the information gets passed on and such so I am thinking it will auto adjust. Wont start until the next payment in January so I have time to figure it out.
Your next payment will be lower, so I would think that your escrow payment could be adjusted now. I don't think they do that, but it would work out mathematically.
Sep 8, 2011 4:04pm