U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New Jersey
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-26-2007, 05:17 PM
 
56 posts, read 632,517 times
Reputation: 45

Advertisements

Sorry for the dumb question but I'm hoping to have to pay property taxes by next fall. It would mean I finally have my own home. LOL How they bill you? Is it every month, quarterly, twice a year?

Thanks in advance.
Reply With Quote Quick reply to this message

 
Old 08-26-2007, 06:31 PM
 
Location: Nashville, TN
2,866 posts, read 8,279,741 times
Reputation: 666
Quote:
Originally Posted by LJeen View Post
Sorry for the dumb question but I'm hoping to have to pay property taxes by next fall. It would mean I finally have my own home. LOL How they bill you? Is it every month, quarterly, twice a year?

Thanks in advance.
It would be billed monthly. It's part of your mortgage payment.

Diane
Reply With Quote Quick reply to this message
 
Old 08-26-2007, 06:35 PM
ira
 
Location: Bergen County
657 posts, read 3,516,723 times
Reputation: 283
Quote:
Originally Posted by LJeen View Post
Sorry for the dumb question but I'm hoping to have to pay property taxes by next fall. It would mean I finally have my own home. LOL How they bill you? Is it every month, quarterly, twice a year?

Thanks in advance.
I think every town does it differently - we are billed quarterly. You can always call the tax collector's office and find out what the tax rate is, how often you're billed, etc.
Reply With Quote Quick reply to this message
 
Old 08-26-2007, 07:34 PM
 
56 posts, read 632,517 times
Reputation: 45
Quote:
Originally Posted by Diane Giam View Post
It would be billed monthly. It's part of your mortgage payment.

Diane
Ohh so if the property tax for a townhome is 5,000 a year for example, I would have an additional $416 per month in payment?
Reply With Quote Quick reply to this message
 
Old 08-26-2007, 07:59 PM
 
Location: NJ
12,284 posts, read 30,935,086 times
Reputation: 5190
Quote:
Originally Posted by LJeen View Post
Ohh so if the property tax for a townhome is 5,000 a year for example, I would have an additional $416 per month in payment?

if your mtg. co. requires you pay escrow, then yes.

i asked my credit union if i could pay my taxes and insurance on my own, and they agreed. so my mtg payment is p&i, and i, on my own, put $x amount away each month and drive to my tax office every quarter and give a check. i prefer this since i'm not required to have 3+ months in escrow as a cushion (in other words, when you close, you'll be required to have a quarter's worth of taxes and insurance in escrow PLUS what's due at that time).
Reply With Quote Quick reply to this message
 
Old 08-26-2007, 10:36 PM
 
Location: NJ
329 posts, read 1,312,104 times
Reputation: 154
Quote:
Originally Posted by LJeen View Post
Ohh so if the property tax for a townhome is 5,000 a year for example, I would have an additional $416 per month in payment?
I pay my property taxes and homeowners insurance through my mortgage. The taxes are paid on a quarterly basis thru the escrow account to the township. I receive a yearly statement from the tax accessor's office usually during the third qtr.
Reply With Quote Quick reply to this message
 
Old 08-26-2007, 10:51 PM
 
Location: Central New Jersey
1,289 posts, read 5,438,292 times
Reputation: 293
Quote:
Originally Posted by Diane Giam View Post
It would be billed monthly. It's part of your mortgage payment.

Diane
Not necessarily. Unless you set up an escrow is isn't. Most mortgage companies will ask you to do this and then you pay the taxes quartely from your mortgage company. They basically divide you taxes by 12 and add it to your mortgage payment. I would say to call your mortgage company.
Reply With Quote Quick reply to this message
 
Old 08-27-2007, 06:12 AM
 
Location: Sunshine N'Blue Skies
13,320 posts, read 19,657,523 times
Reputation: 11644
In the four homes I have owned. The taxes were paid with the mortgage payment. Taxes ,divided by the 12 months and just like your example LJeen.
However, when you pay off the mortgage as we have now. We can pay the taxes in one lump sum. Or in different payments, depending on how the town tax assessor requires.
Reply With Quote Quick reply to this message
 
Old 08-27-2007, 11:33 AM
 
Location: Middletown
4 posts, read 160,139 times
Reputation: 14
Every bank is different, it's much easier and usually cheaper to try and pay them yourself to avoid Escrow and sometimes banks like to charge you for ther "Service" of paying your taxes, My friend was paying upwards of 400 a year for that "Service"

Check with the bank would be my advice. Anything we say will not matter much.
Reply With Quote Quick reply to this message
 
Old 11-05-2008, 09:38 PM
 
1 posts, read 143,657 times
Reputation: 15
If my property taxes are reduce how does that affect my mortgage payment.My taxes are included in that payment.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:




Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New Jersey
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top