Question:

Dougie Curtist asks

I live in California, my house is paid off free and clear, but my taxes for the property are to high to pay at once, how can I make small payments, maybe an impound account without a loan?

When a house is up for sale and the property tax is listed is it usually the entire year that is listed or split up into monthly payments?

Answer:

Jameshogg answers:

As far as I know, paying the taxes in full and on time is better as it helps a person to avoid penalties. However, if your property taxes are too high and if you have ended up in back taxes, then, as far as I know, you can request for a payment agreement. You can contact a tax professional who can guide you in doing the payment agreement with IRS.

Adonis answers:

Property taxes are paid in full at the end of each year. As far as I know, the property taxes will be listed for the whole year and not split into monthly payments.



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