I had written a blog a while back about a 1 mil increase in the Gettysburg Borough taxes. This has indeed come to fruition. I received my mortgage bill for December and the payment increase was roughly 50.00/ month.
Now I escrow my taxes and insurance. This means that I pay money into my mortgage company each month to cover taxes and insurance. When the bills come due, I've paid the money forward to the mortgage company to cover those bills. The reasoning behind this is to avoid getting bills in with large lump sums. It helps people be a bit more responsible and not get shocked by huge tax or insurance bills.
If you don't escrow your taxes, be prepared for a larger bill early in 2010. The municipal bills run Jan 1 to Dec. 31. So these bills come out in March or April, sometimes sooner.
My increase in payment is partly due to the tax increase but also due to an increase in insurance this year. You're payment could change more or less than mine. It is not a fixed number. Also remember the whole county will be reassessed sometime soon. From what I understand some taxes will remain the same, some will go up, and believe it or not some are said to go down. I don't know if I believe is taxes ever going down, but we will see when the time comes.
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