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Old 04-25-2011, 07:45 PM
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Join Date: Apr 2011
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Default Will my mortgage payment decrease if property

taxes go down? When we purchased our house there was a $700 lien listed on the property taxes due to unpaid sewer and trash bills by the previous owners. I should mention that we thought it was a bit weird the lien was on the property taxes....but that's how it was. The lien was paid off in full with the last payment to our property taxes. So if the property taxes stay the same, and our next year's property taxes are $700 less, will our monthly mortgage/escrow payments decrease?Thanks for the responses, I hope this clarifies a bit more: The last 2 property tax payments that were due were $2,200 ($4,400 for the year) with $350 of the lien showing on each statement. The sellers had to pay the lien in full during closing so that I could establish trash service. The property taxes came out of our escrow, so if I understand it correctly, we overpaid this year's taxes. The new tax roll isn't available yet, but it won't reflect the extra $700. So will the escrow automatically be updated or will I have to prove the difference in the property tax amount?
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