Okay, I am getting old and something is really a puzzle and I can’t figure it out.
I closed the home in early 2010. It’s a compounded escrow. The escrow (#1) company which took care of closing is different with the escrow (#2) company that take care of my property tax after closing date. Fine.
Back in March 2010, escrow#2 paid the property tax installment amount on the tax bill based on the not-yet-reassessed net taxable value (higher value).
Now, the coming installment is based on the new, lower net taxable value. But when I called regarding the refund, they said that the credit has been sent to foreclosing bank back in 2009 and I need to check with escrow#1.
what puzzles me is how is that possible when the closing date wasn’t until 2010 (new value) and on the bill the net taxable value was still the higher value up until this bill but they said they sent the credit back to the forclosure bank back in september 2009 and the bank should have credited me ???????????
I can’t understand this even after calling the tax people twice.
They told me to contact escrow#1 and also the title company. Am I going to be pounding sand ???
I’ve had some experience with this in the past. Call the County Assessor’s Office and they should be able to explain it to you. The calculation of the refund may be complicated by the fact that there may have been two changes of ownership within the same fiscal year: 1) the date the bank foreclosed and 2) the date the bank sold the house to you. The supplemental bill or refund will be prorated based on those dates.
I’ve had some experience with this in the past. Call the County Assessor’s Office and they should be able to explain it to you. The calculation of the refund may be complicated by the fact that there may have been two changes of ownership within the same fiscal year: 1) the date the bank foreclosed and 2) the date the bank sold the house to you. The supplemental bill or refund will be prorated based on those dates.
I’ve had some experience with this in the past. Call the County Assessor’s Office and they should be able to explain it to you. The calculation of the refund may be complicated by the fact that there may have been two changes of ownership within the same fiscal year: 1) the date the bank foreclosed and 2) the date the bank sold the house to you. The supplemental bill or refund will be prorated based on those dates.
I’ve had some experience with this in the past. Call the County Assessor’s Office and they should be able to explain it to you. The calculation of the refund may be complicated by the fact that there may have been two changes of ownership within the same fiscal year: 1) the date the bank foreclosed and 2) the date the bank sold the house to you. The supplemental bill or refund will be prorated based on those dates.
I’ve had some experience with this in the past. Call the County Assessor’s Office and they should be able to explain it to you. The calculation of the refund may be complicated by the fact that there may have been two changes of ownership within the same fiscal year: 1) the date the bank foreclosed and 2) the date the bank sold the house to you. The supplemental bill or refund will be prorated based on those dates.
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