You must be a registered and logged in user to subscribe to a topic.
| Posted By |
Message |
Mrs213
????????
Member since 2/09 18986 total posts
Name:
|
property taxes?
Is this something you pay once per year or is it a monthly thing? I can't believe the taxes here!!
|
Posted 3/27/10 11:12 PM  |
| |
|
Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
CathyB
Member since 5/05 19403 total posts
Name:
|
Re: property taxes?
Our mortgage lender requires that they pay the taxes, so it's included in our monthly mortgage payment but they pay it to the town twice per year. Hope that makes sense.
|
| Posted 3/27/10 11:17 PM |
| |
|
Mrs213
????????
Member since 2/09 18986 total posts
Name:
|
Re: property taxes?
Posted by CathyB
Our mortgage lender requires that they pay the taxes, so it's included in our monthly mortgage payment but they pay it to the town twice per year. Hope that makes sense.
ok, so its included in your mortgage, - do you know is this always the case?
|
| Posted 3/27/10 11:21 PM |
| |
|
donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
|
Re: property taxes?
Posted by staceyums81
Posted by CathyB
Our mortgage lender requires that they pay the taxes, so it's included in our monthly mortgage payment but they pay it to the town twice per year. Hope that makes sense.
ok, so its included in your mortgage, - do you know is this always the case?
no, it does nto have to be included in your mortgage payment. most people do this for the conveneience and because of the insane amount of taxes here, for a lot of people, it's easier just to have it wrapped up into the monthly mortgage instead of owing $4,000 (or more) twice a year.
you can pay twice a year to your town. (you still get a property tax bill twice a year, regardless of how you pay).
|
| Posted 3/27/10 11:40 PM |
| |
|
CAMCaps
Live Laugh Love Run
Member since 6/07 4922 total posts
Name:
|
Re: property taxes?
Our lender also requires it to be part of our mortgage payment.
|
| Posted 3/28/10 7:39 AM |
| |
|
|
|
Re: property taxes?
I have to check if it's a requirement for us. We have a BofA mortgage. This is how we have it set up now, and it's like $700.00 a month or something like that tacked onto our mortgage payment.
I'm going to look into our options though-----if it's NOT a requirement to pay it monthly, I would rather just throw that money into savings and pay it the twice a year.
This would also allow us to pay a little more a month towards our mortgage.
Damn LI taxes. 
|
| Posted 3/28/10 8:03 AM |
| |
|
sometimesmommy
Always in my heart.....
Member since 11/06 6686 total posts
Name:
|
Re: property taxes?
Posted by CAMCaps
Our lender also requires it to be part of our mortgage payment.
Yes majority of people I know have to include it as well like us.
|
| Posted 3/28/10 8:56 AM |
| |
|
Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
|
Re: property taxes?
Suffolk I believe you have 2 payments a year.
In Nassau, we pay 4 times a year...2 payments are General taxes and 2 payments are School taxes.
Most mortgage companys make you escrow taxes initially but you can request to stop escrowing taxes after a couple of years. that's what we did and now pay them on our own.
Message edited 3/28/2010 10:20:43 AM.
|
| Posted 3/28/10 10:19 AM |
| |
|
IrishMom77
Brothers!!
Member since 8/05 3498 total posts
Name:
Roseann
|
Re: property taxes?
We pay them twice a year - They are due in Jan and May
We live in Suffolk
Its easier for us because DH & I both get nice Xmas bonuses and most of it goes to pay the taxes and I use my yearly annuity money to pay the second half. Just works out for us.
|
| Posted 3/28/10 3:07 PM |
| |
|
