Homeowners and property tax question

Serious Business Backup 90 replies 1,408 views
S
Steel Valley Football
Posts: 4,548
Sep 8, 2011 1:25pm
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.
LJ's avatar
LJ
Posts: 16,351
Sep 8, 2011 1:30pm
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
S
Steel Valley Football
Posts: 4,548
Sep 8, 2011 1:42pm
Gay? Who said anything about being gay? Neg reps for being a homophob!
Skyhook79's avatar
Skyhook79
Posts: 5,739
Sep 8, 2011 1:42pm
Well this thread took an interesting turn...
like_that's avatar
like_that
Posts: 26,625
Sep 8, 2011 1:43pm
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....
S
Steel Valley Football
Posts: 4,548
Sep 8, 2011 1:54pm
like_that;887488 wrote:Well you did say you would like to bang him....

..and?
like_that's avatar
like_that
Posts: 26,625
Sep 8, 2011 2:15pm
This must be an age gap thing....
T
thavoice
Posts: 14,376
Sep 8, 2011 2:38pm
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
S
Steel Valley Football
Posts: 4,548
Sep 8, 2011 2:47pm
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.
T
thavoice
Posts: 14,376
Sep 8, 2011 2:52pm
no shit sherlock. My original question was if I had to do anything now or if they would automatically get adjusted.
FatHobbit's avatar
FatHobbit
Posts: 8,651
Sep 8, 2011 3:21pm
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?
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WebFire
Posts: 14,779
Sep 8, 2011 3:22pm
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.
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thavoice
Posts: 14,376
Sep 8, 2011 3:49pm
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.
T
thavoice
Posts: 14,376
Sep 8, 2011 3:50pm
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?
S
Steel Valley Football
Posts: 4,548
Sep 8, 2011 3:55pm
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. :)
FatHobbit's avatar
FatHobbit
Posts: 8,651
Sep 8, 2011 4:04pm
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.