Do property taxes raise on existing mortgage every year?

[Alex Shaughnessy]

I bought a primary 8/2017. I was under the impression w/ a fixed mortgage your payment would stay the same. I got a letter from my lender saying its going up because of the escrow account. All I can think of is the taxes were raised. When I looked up my loan, I paid $4100 in property tax in 2018 and it says this year my property taxes are $5200. I thought it only adjusted when a property is bought or sold. Im exhausted so not sure if I articulated this as well as I can but if anyone can help w/ this confusion. The wait time for my escrow customer service is over an hour. Thanks in advance

[Russell Brazil]

Your principal and interest portion of your payment will stay the same....however your taxes and insurance can go up (and though less common, can go down too).  Every state and jurisdiction has their own time table for how often properties are reassessed. In Maryland they reassess every 3 years, and the new assessment is phased in 33% each year....so almost every year because of the phase in our taxes rise.