| [ USA ] in KIDS 글 쓴 이(By): Evian (...) 날 짜 (Date): 2004년 2월 3일 화요일 오전 09시 01분 11초 제 목(Title): Re: 2003 TAX Escrow account is where you reserve property tax and hazard insurance premium. Lender provides the payment service in behalf of the customer. Most lenders' give rate or fee breaks if the escrow account is setup. Property tax is tax deductible along with the mortgage interest you've paid. If the house was purchased after the tax due date, likely hood of you getting the tax break is low. It is because property tax is paid either annually or semi annually. Check with county tax assessor's office for more detailed information. By the way, auto excise tax is also tax deductible. |