Welcome to Primary Residential Mortgage, Inc, where we believe in empowering homeowners with valuable information. Today, we're diving into the intricacies of property taxes in the state of Kansas, specifically addressing the confusion that arises when you receive what appears to be a property tax bill in December and May. Let's demystify this process and put your concerns to rest.
Understanding the Situation:
Property taxes in Kansas are typically due in December and May, and if you have these taxes escrowed, it means your mortgage lender takes care of the payments on your behalf. However, the county still sends out a valuation and a bill that may look like a traditional payment request.
Breaking Down the Bill:
When you receive this bill, it's important to know that there's one crucial detail hidden in the lines – your escrow account is taking care of the payment for you. Although the bill may resemble a regular invoice, you don't need to write a check. Your mortgage lender has already factored in the property taxes and is handling the payment through your escrow account.
Timeline of Arrival:
These property tax bills typically arrive between the 1st and 15th of December and May. It's essential not to panic when you see these notices in your mailbox. Instead, take comfort in the fact that your escrow account is diligently managing the payments.
Why the Confusion?:
The confusion often arises because the bill looks like something you need to address independently. We want to assure you that your escrow account is designed to streamline this process, ensuring that property taxes are paid on time without any hassle on your part.
Empowering Homeowners:
Our goal is to empower homeowners with knowledge. By understanding the dynamics of property tax bills and the role of your escrow account, you gain confidence in navigating the financial aspects of homeownership. We believe that an informed homeowner is a confident homeowner.
Conclusion:
Next time you receive what looks like a property tax bill, take a moment to review it, but rest assured that your escrow account has already taken care of the payment. At [Your Company Name], we are committed to providing clarity on real estate matters, helping you make informed decisions and feel secure in your homeownership journey.
For more insightful tips on real estate, homeownership, and financial well-being, stay tuned to our blog. If you have any specific questions or topics you'd like us to cover, feel free to reach out. We're here to empower you every step of the way.
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PRMI NMLS 3094. Branch NMLS 994598. PRMI is an Equal Housing Lender. Some products and services may not be available in all states. Credit and collateral are subject to approval. Terms and conditions apply. Programs, rates, terms, and conditions are subject to change and are subject to borrower(s) qualification. This is not a commitment to lend. Arkansas Securities Department 11558. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act 4130403. Office of the State Bank Commissioner SL.0000524. Missouri Division of Finance. Oklahoma Department of Consumer Credit ML010027. This office is licensed and examined by the Office of Consumer Credit Commissioner of the State of Texas. TN-Department of Financial Institutions 109282. Consumer Voice