Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 2 years ago on . Most recent reply

User Stats

7
Posts
1
Votes
Will H.
1
Votes |
7
Posts

CA Supplemental Property Taxes - How to Pay?

Will H.
Posted

Hi there,

Just got 2 supplemental property tax bills for a house I purchased earlier this year in CA.

Anyone know if lenders typically allow the use of the money from an impound/escrow account to pay for these or on my behalf? Based on my calculations, the balance is large enough to more than cover all the bills (including the normal annual property taxes & insurance), but I'm guessing the lender might require a minimum balance to remain in the escrow account.

I also understand that they don't receive these supplemental tax notices and don't include them in their calculations for the monthly escrow amount.

I'll be contacting my lender tomorrow, but was hoping to get a quick answer to ease my mind before then haha.


Thank you in advance!

-Will

Most Popular Reply

User Stats

7
Posts
1
Votes
Will H.
1
Votes |
7
Posts
Will H.
Replied

UPDATE:

Spoke with the mortgage company and notified them that I received the 2 supplemental tax bills. Confirmed that they would be able to pay both amounts using the money in the escrow account.

Appreciate the help, thank you again for your thoughtful responses!

-Will

Loading replies...