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How do you pay your property taxes?
- Thread starter Alcott
- Start date
We're kind of like Webdog in that we pay it twice a year - although ours is January 10th and May 30th. I take an amount out of our paycheck each month and put that into an ING account - then transfer it about a week before I pay the taxes. I just actually paid the first payment yesterday! GULP!!
I picked: I pay them only indirectly through my rent
Even thought it's not rent, it's my mortgage I am paying. I have an escrow account setup with my mortgage company where they pay my taxes semi-annually. It's easier for me to pay one bill each month and then have enough to cover taxes and insurance without a thought.
Jamie
Even thought it's not rent, it's my mortgage I am paying. I have an escrow account setup with my mortgage company where they pay my taxes semi-annually. It's easier for me to pay one bill each month and then have enough to cover taxes and insurance without a thought.
Jamie
menageriekeeper
Active Member
I voted "monthly with my loan and insurance" but that only covers the house taxes. Property taxes get paid once a year directly out of my checkbook.
Ya know, my taxes are less yearly than my house insurance....just a random thought.
Ya know, my taxes are less yearly than my house insurance....just a random thought.
Where is the "kicking and screaming" option?
SaggyWoman
Active Member
Actually, I marked monthly with loan and insurance. I meant, I pay my monthly to my mortgage holder, who then distributes it between principal, interest, and escrow. Out of escrow goes my taxes. Bye bye.
I Am Blessed 24
Active Member
webdog said:
We pay ours semi-anually in June and September, but we don't have it taken out of the bank account...we take it out.
In California, property taxes are paid semiannually.
mcdirector
Active Member
We have to pay ours annually. We write a check and take it to some government office downtown.
In Texas, we get our tax 'bills' in September (property appraisal statements earlier in the year), the taxes are due the next January 31. That is the reason the options were 'lump sum annually' with different ways of raising the money to pay it, and 'in the months leading up to the due date,' but not "semi-annually," because I wasn't aware some states (or at least one) do it that way.
In my own situation, I owe the whole $2290 by the end of theis month, and I wouldn't be able to pay it wihout dropping my main checking account to below the minimum, and there would be a $12 fee for doing that. I sold off 5 stocks which had gone to virtually nothing the last week in Dec., to get the only thing out of them they were worth-- capital losses to knock off 07's income tax. So, to avoid probably 2 monthly bank fees, I would need to sell some of my more profitable holdings, like AT&T or Orbital Sciences, the value of which suddenly went down over $3000. Or else, change banks to one with a lower minimum than $1500. In the meantime, maybe fewer people notice someone is a Scrooge if Christmas has already passed :smilewinkgrin: .
In my own situation, I owe the whole $2290 by the end of theis month, and I wouldn't be able to pay it wihout dropping my main checking account to below the minimum, and there would be a $12 fee for doing that. I sold off 5 stocks which had gone to virtually nothing the last week in Dec., to get the only thing out of them they were worth-- capital losses to knock off 07's income tax. So, to avoid probably 2 monthly bank fees, I would need to sell some of my more profitable holdings, like AT&T or Orbital Sciences, the value of which suddenly went down over $3000. Or else, change banks to one with a lower minimum than $1500. In the meantime, maybe fewer people notice someone is a Scrooge if Christmas has already passed :smilewinkgrin: .