How Do Property Taxes Get Paid Through Escrow?

Ever wondered how your property taxes get paid automatically, year after year, without you having to lift a finger? This video demystifies the process of paying your property taxes through an escrow account, ensuring you understand this crucial aspect of homeownership. In this explanation, you'll learn: ► What an escrow account is and why it's used for property taxes. ► How your mortgage lender collects and manages funds for your tax obligations. ► The benefits of paying property taxes through escrow for homeowners. ► How escrow helps prevent missed payments and potential penalties. ► Key terms and concepts related to escrow and property tax management. #PropertyTaxes, #Escrow, #Homeownership, #RealEstateTips