{"id":242276,"date":"2024-07-01T14:15:28","date_gmt":"2024-07-01T14:15:28","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/?p=242276"},"modified":"2024-07-01T14:15:28","modified_gmt":"2024-07-01T14:15:28","slug":"can-i-request-escrow-tax-refund","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/can-i-request-escrow-tax-refund\/","title":{"rendered":"Can I request escrow tax refund?"},"content":{"rendered":"

Yes, you can request an escrow tax refund if you have overpaid your property taxes or if your tax assessment has been lowered, resulting in a surplus in your escrow account.<\/p>\n

Escrow accounts are set up by lenders to ensure that property taxes and homeowners insurance are paid on time. Homeowners make monthly contributions to the escrow account as part of their mortgage payment, and the lender uses these funds to pay these expenses when they come due. If there is an overage in the escrow account due to a decrease in property taxes, for example, the surplus can be refunded to the homeowner.<\/p>\n

If you believe you are eligible for an escrow tax refund, you will need to contact your lender to request a review of your account. The lender will determine if there is a surplus in your escrow account that can be refunded to you. It’s important to keep in mind that not all overages in escrow accounts are eligible for refunds, so it’s best to consult with your lender to go over the specifics of your account.<\/p>\n

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