Re: HGTV Dream House Giveaway

On my other house we have escrow and yes it is nice...the tax bill comes in
in November and I just send it to them and they pay it out of the escrow.
But our mortgage company for the new house doesn't offer escrow, so it
really sucks...$600 a month for mortgage and then in November paying a
thousand in a lump sum. GULP!!

Dani

"Anne Carle" <acarle@xxxxxxxxx> wrote in message
news:8mdlt1d03spqguqi9n167r2dciru369cbo@xxxxxxxxxx
> On Fri, 27 Jan 2006 11:28:50 -0500, Phyllis Nilsson
> <phyllisnilsson@xxxxxxxxxxxxxxxxxxx> wrote:
>
>>Good question. The people who get the makeovers probably don't think
>>about that at the time. Every time the appraised value goes up the
>>assessed value, beiing based upon the appraised value, goes up too. I
>>don't know how often that county does reappraisals, but every time they
>>do here, the value goes up and so do our taxes.
>>
>
> It's an interesting dilemma, Phyllis. When I divorced in 2000, I got
> this house, and my ex got our rental properties. Our house was so
> close to being paid off that I had very little tax incentive to keep
> making payments, so I paid it off. Now I have to save enough to meet
> the property tax bill (I pay each half, once in January and again in
> June), and it's a chunk of change! So while I have no "house payment",
> I definitely do have to plan well to meet that obligation. When people
> at work (those who know) say, "You don't even have a house payment!" I
> just cringe--apparently they don't realize how much of their own house
> payment covers that escrow account for property taxes!
>
> I can hardly wait to "dump" this tax monster and buy a small cottage!
> <G> And I'm sooooooo serious!
>
> Anne/OH


.

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