LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Can't figure out my taxes

Posted By Message

Rycois
Blessed with 2blue/2pink

Member since 12/05

13341 total posts

Name:
J

Can't figure out my taxes

So when we purchased our home in 2006 we were told our taxes were in the low 8Ks. We paid accordingly (or our mortgage company did). Then we get a big check back last year for $6K+ if I remember correctly. Apparently they thought we overpaid (previous owner had the senior exemption). I knew it wasn't ours to keep so I put it in savings to collect the interest and tuck away for when they figured it out. Earlier this year, they figured it out and we get a notice saying our mortgage payment is what it was plus the $6K spread over 12 months. The notice tells us once we're done paying back, or mortgage payment will be what it was previously, plus a few hundred dollars a month (close to $9500K for the year). Mind you, we live in a tiny cape so I'm Chat Icon

I looked up our house on my Nassau Property and it lists for taxes for the year, our original taxes plus "restored" taxes. I don't get it - aren't we already paying that $$ back?

Has anyone dealt with something similar. I try to call the number on the site but it's automated and a PITA.

Posted 7/31/08 4:23 PM
 
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource
  |   Long Island Weddings

Mommy2Boys
My Boys!!!!

Member since 6/06

14437 total posts

Name:
C

Re: Can't figure out my taxes

Rather than spreading the 6k out over the year, if you have the money you can pay it in one lump sum to keep your mortgage/tax escrow payments what they should be.

After the 6k is paid back, the extra money each month is probably due to an increase in your RE taxes.

Posted 7/31/08 8:47 PM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
How can you figure out taxes? MissJones 4/30/07 7 Home
We did our taxes and.. GenLCSW 3/22/06 6 Families Helping Families ™
Grieving Nassau County taxes -- karacg 3/1/06 15 Home
Did anyone tally up their medical bills for taxes yet? LisaW 2/28/06 16 Infertility
How did you do on your taxes? charon54 2/28/06 20 Families Helping Families ™
Mortgage and taxes question MissJones 2/27/06 3 Home
 
Quick navigation:   
Currently 6627 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows