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Updated almost 2 years ago, 01/13/2023
CA Supplemental Property Taxes - How to Pay?
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