Current Events > Tax question - I refinanced my primary mortgage, property tax seems off

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KILBOTz
02/07/18 6:59:21 PM
#1:


My escrow has $549.25/month for tax. My statement after my refinance doesn't have any property tax disbursements. My statement for my original mortgage has a $3,295 disbursement. My statement from 2016 I paid $5400 in tax. So I'm missing $2k+ in tax here somewhere. Anyone have a guess what is going on?
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AlleyViper620
02/07/18 7:02:17 PM
#2:


Edit - nvm, misread your first sentence. Does the new mortgage specify how it will pay out the tax escrow? E.g. directly to your property tax treasurer, or to you?
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Darkman124
02/07/18 7:05:55 PM
#3:


yeah sounds like your refi took resp for property tax off the lender and put it on you

check your refi costs. if you did not have to make a prepayment of property tax to keep the escrow acct positive at all times, that is the case
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KILBOTz
02/07/18 7:16:34 PM
#4:


I have property tax in my escrow payments for my new mortgage. Washington does 2 disbursements a year from what I understand, refi was done 10/3, has over $3k in current escrow with no disbursements, far too large for it to not include property taxes. I want to say taxes are done like February and August?

Ugggh. Maybe I just need to call them tomorrow.
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kyujo
02/07/18 7:19:26 PM
#5:


Are you able to check online in your state/county to see property tax payments?
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KILBOTz
02/07/18 7:27:10 PM
#6:


good call, on the county website:

Total billed: $ 6,591.00
Balance: $0.00

So now the question: If I claim that amount which is different than my 1098 does that increase my odds of audit?
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kyujo
02/07/18 7:34:01 PM
#7:


I mean... I'd claim what the county was paid, but I'd also want to find out how they were paid.

I haven't done a refi so really not familiar with a lot of that.
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