Mortgages, Escrow, and Homestead Exemptions....oh my!

Discussion in 'Community Board' started by simba20, Mar 16, 2011.

  1. simba20

    simba20 DIS Veteran

    Joined:
    Aug 14, 2006
    Messages:
    1,162
    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?
     

Share This Page