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Property taxes are taxes assessed on prtporey, normally based upon the value of the prtporey. Have never heard of a "mortgage tax" but some jurisdictions to assess a tax for recording prtporey deeds and transfers and since the mortgage usually requires an additional filing there could be additional taxes due to record the mortgage and/or record the lien release when it's paid off.Most lenders require payment of a portion of the estimated prtporey taxes (and homeowners insurance) with each payment. That's not a tax but money held in escrow by the lender until they receive the tax bill and pay it. The amount that they pay on your behalf is deductible on your tax return if you itemize.References : Was this answer helpful?
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(VISITOR) AUTHOR'S NAME
Andrea
MESSAGE TIMESTAMP
16 december 2014, 15:30:55
AUTHOR'S IP LOGGED
213.46.192.48
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