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Two Things to Know About Your Annual Tax Bill

Posted by Oakridge Real Estate on Wednesday, August 9th, 2023 at 8:37am.

Two Things to Know About Your Annual Tax Bill | Oakridge Real Estate

Two Things to Know About Your Annual Tax Bill

It is that time of year when everyone in the Cedar Valley will be receiving their tax bill in the mail. Did you know that your tax "bill" is a bill that doesn't necessarily need to be paid? More times than not your property taxes are tied into your monthly mortgage payment, known as escrow. Before sending in any payment make sure to check with your lender to see if you have this tied into your mortgage payment. 

Want to save a little money on your property taxes? Then you need to apply for a Homestead Tax Credit! A Homestead Tax Credit could grant you up to $200 a year that can be put toward property taxes. This can be done online or by going to your county assessor's office. This is only applicable if the address you are filing for is your primary residence. You will need a copy of the deed to your home in order to apply.

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