Profile picture for tribal2007

so property taxes are due even if house is paid in full

  • April 13 2010 - US
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Answers (5)

Profile picture for sunnyview
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.
  • April 13 2010
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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.
  • April 13 2010
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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.
  • April 13 2010
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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
  • April 13 2010
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Yes
  • April 13 2010
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