what are the tax consequences of having an escrow account

[Danny Shore]

assuming a 100% rental property, what are the tax consequences of having an escrow account through which i funnel all the taxes and insurance premiums (as opposed to not using one)?

my best guess is there is no tax benefit. It is the same treatment

"If a portion of your monthly mortgage payment goes into an escrow account, and periodically the lender pays your real estate taxes out of the account to the local government, do not deduct the amount paid into the escrow account. Only deduct the amount actually paid out of the escrow account during the year to the taxing authority."

http://www.irs.gov/taxtopics/tc503.html