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Anyone pay property taxes on own?

skew Posted: Mar 25, 2005 07:36 AM+

skew MEMBER SINCE: 10/03 TOTAL POSTS : 2414 WEDDING DATE: Oct 23, 2004

Posted: Mar 25, 2005 07:36 AM

Anyone pay property taxes on own?

we have the option of having the taxes built into the mortgage payment and held in escrow or to pay the taxes on our own (no fee). IMO, i would rather 'hold' the money ourselves and reap the interest benefits rather than have the bank/mortgage company benefit.

did anyone else opt for this?

sophie78 Posted: Mar 25, 2005 08:21 AM+

sophie78 MEMBER SINCE: 4/03 TOTAL POSTS : 3426 WEDDING DATE: Sep 18, 2004

Posted: Mar 25, 2005 08:21 AM

Re: Anyone pay property taxes on own?

Oops! I misread your question. Sorry, I can't answer it!

skew Posted: Mar 25, 2005 08:26 AM+

skew MEMBER SINCE: 10/03 TOTAL POSTS : 2414 WEDDING DATE: Oct 23, 2004

Posted: Mar 25, 2005 08:26 AM

Re: Anyone pay property taxes on own?

can you explain?

thanks!

sophie78 Posted: Mar 25, 2005 08:30 AM+

sophie78 MEMBER SINCE: 4/03 TOTAL POSTS : 3426 WEDDING DATE: Sep 18, 2004

Posted: Mar 25, 2005 08:30 AM

Re: Anyone pay property taxes on own?

See above

skew Posted: Mar 25, 2005 08:38 AM+

skew MEMBER SINCE: 10/03 TOTAL POSTS : 2414 WEDDING DATE: Oct 23, 2004

Posted: Mar 25, 2005 08:38 AM

Re: Anyone pay property taxes on own?

i edited for an easier read

Irishbride Posted: Mar 25, 2005 08:57 AM+

Irishbride MEMBER SINCE: 2/03 TOTAL POSTS : 2170 WEDDING DATE: Jun 11, 2004

Posted: Mar 25, 2005 08:57 AM

Re: Anyone pay property taxes on own?

We pay our taxes on our own. Twice a year.

StepherG Posted: Mar 25, 2005 11:05 AM+

StepherG MEMBER SINCE: 7/03 TOTAL POSTS : 1940 WEDDING DATE: Aug 01, 2004

Posted: Mar 25, 2005 11:05 AM

Re: Anyone pay property taxes on own?

Yes, we pay our taxes on our own. 2 times per year. I believe the bank will only let you do this if your not paying PMI....

julz33 Posted: Mar 25, 2005 05:38 PM+

julz33 MEMBER SINCE: 8/03 TOTAL POSTS : 11524 WEDDING DATE: Sep 24, 2004

Posted: Mar 25, 2005 05:38 PM

Re: Anyone pay property taxes on own?

We pay on our own also.

AmyKay Posted: Mar 25, 2005 07:18 PM+

AmyKay MEMBER SINCE: 10/02 TOTAL POSTS : 1158 WEDDING DATE: Mar 23, 2003

Posted: Mar 25, 2005 07:18 PM

Re: Anyone pay property taxes on own?

we pay them on our own. I like to be in control of my money!
if you can save the money on your own than do that but if your bad at saving than opt for the escrow

christy Posted: Mar 25, 2005 07:46 PM+

christy MEMBER SINCE: 1/02 TOTAL POSTS : 6763 WEDDING DATE: Apr 18, 2003

Posted: Mar 25, 2005 07:46 PM

Re: Anyone pay property taxes on own?

I dont think we pay them on our own, they are included in our mortgage bill.

kim Posted: Mar 26, 2005 02:32 PM+

kim MEMBER SINCE: 2/01 TOTAL POSTS : 1032 WEDDING DATE: Sep 14, 2002

Posted: Mar 26, 2005 02:32 PM

Re: Anyone pay property taxes on own?

yes, we pay them on our own.

chmlengr Posted: Mar 26, 2005 06:01 PM+

chmlengr MEMBER SINCE: 6/01 TOTAL POSTS : 4078 WEDDING DATE: May 11, 2002

Posted: Mar 26, 2005 06:01 PM

Re: Anyone pay property taxes on own?

Wow, so many people pay them on their own. We have ours paid through our mortgage. The money is in escrow.

agrech Posted: Apr 04, 2005 12:35 PM+

agrech MEMBER SINCE: 4/03 TOTAL POSTS : 528 WEDDING DATE: May 30, 2004

Posted: Apr 04, 2005 12:35 PM

Re: Anyone pay property taxes on own?

Who makes the decision on whether taxes are in escrow or paid on its own?

agrech Posted: Apr 04, 2005 12:35 PM+

agrech MEMBER SINCE: 4/03 TOTAL POSTS : 528 WEDDING DATE: May 30, 2004

Posted: Apr 04, 2005 12:35 PM

Re: Anyone pay property taxes on own?

And if you pay them on your own, you pay them in 1 lump some right? not monthly

Jenny5150 Posted: Apr 04, 2005 02:51 PM+

Jenny5150 MEMBER SINCE: 7/02 TOTAL POSTS : 4177 WEDDING DATE: Sep 20, 2003

Posted: Apr 04, 2005 02:51 PM

Re: Anyone pay property taxes on own?

I believe we pay biannually.

KimberlyBride Posted: Apr 04, 2005 02:53 PM+

KimberlyBride MEMBER SINCE: 2/04 TOTAL POSTS : 8869 WEDDING DATE: Oct 15, 2005

Posted: Apr 04, 2005 02:53 PM

Re: Anyone pay property taxes on own?

Posted by agrech

Who makes the decision on whether taxes are in escrow or paid on its own?

You can opt to pay on your own or keep in escrow and pay in your mortgage payment each month.

skew Posted: Apr 04, 2005 06:22 PM+

skew MEMBER SINCE: 10/03 TOTAL POSTS : 2414 WEDDING DATE: Oct 23, 2004

Posted: Apr 04, 2005 06:22 PM

Re: Anyone pay property taxes on own?

although it is minmal, i would rather bank the money and earn interest. why should the mortgage company earn interest on YOUR money? and yes, taxes are paid 2x per year.

KimberlyBride Posted: Apr 04, 2005 09:00 PM+

KimberlyBride MEMBER SINCE: 2/04 TOTAL POSTS : 8869 WEDDING DATE: Oct 15, 2005

Posted: Apr 04, 2005 09:00 PM

Re: Anyone pay property taxes on own?

I agree with skew. Earn interest.

agrech Posted: Apr 05, 2005 09:53 AM+

agrech MEMBER SINCE: 4/03 TOTAL POSTS : 528 WEDDING DATE: May 30, 2004

Posted: Apr 05, 2005 09:53 AM

Re: Anyone pay property taxes on own?

Great, that made understanding that allot clearer. you girls are awsome

F&J Posted: Apr 05, 2005 10:59 PM+

F&J MEMBER SINCE: 3/05 TOTAL POSTS : 19 WEDDING DATE: Jun 04, 2004

Posted: Apr 05, 2005 10:59 PM

Re: Anyone pay property taxes on own?

When we closed last week we asked the same question. We were told that 95% of home buyers pay the property taxes thru the bank, and not on their own. The explanation given was that if you forget to pay your proerty taxes it is a really big deal, and its better to do it thru the bank. I agree that it sounds better to have the money in the bank than in escrow, but for us as new home owners we went with having the bank pay it since we could easily forget one time. So many bills, who can remember them all?