Property assessments (loan officer, escrow, property tax, loan)

[Blockheadofaknew]

(Sorry if this is a repeat.. but i looked)
Any particular way in telling what my New Assessed property value might be? (i.e:home sales in area etc)
It was first based on the previous owners sale price and then the Escrow company didn't put away enough money for property taxes on our FHA loan(isn't that half-way illegal?).. so our mortgage went up from $1100/mo to around 1600/mo after the first year....
We've lived in the house since Jan 2009.

[ShanetheMortgageMan]

Not illegal, just a loan officer with bad foresight.

You'd have to contact your county assessor to find out what triggers a new assessment. Some areas reassess based on a new sales price, some areas reassess every year, 2 years, etc. After you find out how they assess, you'll need to contact the county treasurer to find out how that assessed value on your parcel number will affect your property taxes.