BasicLook4336

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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BasicLook4336 t1_j4wojte wrote

Jordan tax collects local tax. It ranges from 1%-1.4 percent depending on where you live. I believe the city is 3 percent which is a crime. Typically your employers are required to hold it out of your paycheck unless you work for the Federal govt. They have access to State returns so if something was left off of the local but reported to the State it can cause problems.

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