What happens if both the taxpayer and mortgage holder pays the tax bill?
Property owners “double pay” their taxes when they receive a copy of their bill and pay it, when their mortgage company has already arranged to pay the taxes through their escrow account. The property owner must wait for the county to refund this tax overpayment. “refund” is written in small letters on the right hand side of your next tax bill when this situation occurs.
Related Questions
- What happens if the taxpayer dies before the start of the tax year when the charge to income tax on pre-owned assets comes into force?
- What happens if the taxpayer dies part way through the tax year, before they have made the election?
- What Happens When My Mortgage Company is Responsible for Paying the Tax Bill?
