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Anyone pay property taxes on own?

Original post by skew

Thread views: 1,348

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?

agrech Thread views: 1,348

Re: Anyone pay property taxes on own?

I agree I have a tendency to forget.

DeniseMang Thread views: 1,348

Re: Anyone pay property taxes on own?

I wanted to pay them on my own, but our bank (Washington Mutual), wouldn't let us when we were getting our mortgage. I wonder if I could inquire about doing that now?

I would rather pay on my own and collect the interest. Our taxes are almost $8K a year, that is a decent amount of interest, no?