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BasicLook4336 t1_j6ii52e wrote

Something to be aware of. Once you get reassessed you will have to pay the back taxes from the date you closed on your property. If you have an escrow account, they may or may not raise your mortgage payment to allow for the increase in taxes, which can lead to a pretty big deficit. Our mortgage company allowed us too go 4000 dollars in the whole before increasing it. So now we are paying that back on top of our mortgage. Welcome to home ownership.

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tesla3by3 t1_j6ijicp wrote

I'm pretty sure the back taxes will be owed only for the tax year they appealed and all subsequent years, which may be different than the closing date.

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Monsters0n t1_j6jsxjo wrote

Yea this is what happened to us as well. Mortgage payments went from $1240 a month to $2100

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