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Escrow

If you pay your taxes through an escrow account, the mortgage company will request your tax bill from our office each year. The mortgage company receives the bill to be paid and you will receive an “Information Only” copy of the bill. The mortgage company is required by law to pay the taxes during the 4% discount period.

When your mortgage is satisfied, the mortgage company should remove your account from its list of requested bills. If you receive an “Information Only” bill after you have paid off your mortgage, you may pay your taxes using the information only bill and you should contact the mortgage company to verify that they have removed your account from their bill request files.