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Answers (5)
- sunnyview
- Contributions:25120
Yes. The property taxes pay for services in your area like city/county animal control, building enforcement, police protection, schools etc. Unfortunately, they don't go away when you pay the house off because the tax man still need your money to provide those services.
- Rosa Jimenez, e-PRO, "Houston.Realtor"
- Contributions:149
Yes, they most certainly are . However instead of paying montly as you would if you had a Mortgage Paytment, you pay at the end of the year.
I find that putting that monthly amount away in a seperate account, makes paying them at the end of the year much easierPLUS, I will have gotten some interst from them sitting in that account all year long.
I find that putting that monthly amount away in a seperate account, makes paying them at the end of the year much easierPLUS, I will have gotten some interst from them sitting in that account all year long.
- Georgina OBryan, "GOBryan1"
- Contributions:483
Absolutely. We don't ever own the property outright to where we'll never have to pay another penny for it again. That's a misconception. lol. Don't pay the taxes and you'll see how quickly they'll foreclose. Of course, it generally takes two years so it gives people time to pay it but pay it we must.
- Joanna Piette, "Piette Team"
- Contributions:1189
Good morning,
Yes, of course. Taxes on the property have nothing to do with whether or not it's financed. One thing to make certain is that the tax assessor sends the bill to you (the homeowner) after the home is paid in full. They've probably been sending it directly to the lender in the past.
Joanna Piette
New Home Resource, LLC
Yes, of course. Taxes on the property have nothing to do with whether or not it's financed. One thing to make certain is that the tax assessor sends the bill to you (the homeowner) after the home is paid in full. They've probably been sending it directly to the lender in the past.
Joanna Piette
New Home Resource, LLC
- Derek & Stephanie Lisee, "Derek Lisee"
- Contributions:41
Yes
so property taxes are due even if house is paid in full
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