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View Full Version : Mortgages, Escrow, and Homestead Exemptions....oh my!


simba20
03-16-2011, 09:08 AM
Our mortgage is set up with an escrow account that our property tax and insurance is paid out of.

So yesterday we got a escrow overage check in the mail for about $300.

Should I be happy, or should I think "Hmmm, I wonder if we will have to pay something next year?"

I also filed for a Homestead Exemption last week. What exactly does that do to our property taxes? If it lowers them, then should I not worry about the possibility of paying any money this year?