2007-07-12 03:50:34 · 5 answers · asked by greedy 1 in Business & Finance ➔ Taxes ➔ United States
No. School levies rarely last that long. Of course, a replacement levy (probably larger than the current one) is likely to pass in a few years.
2007-07-12 05:07:40 · answer #1 · answered by STEVEN F 7 · 1⤊ 0⤋
You are probably paying your property taxes to the mortgage company, who then pays the property taxes for you. However, your mortgage and your property tax bill is totally separate. When your mortgage payments end, you will pay the property tax bills directly to the county's tax collector.
School bonds are generally issued with 30 year (max) maturities. You should anticipate that the school bonds in some form or other will always be on your tax bill....new schools required or school renovations required, etc.
2007-07-12 09:53:35 · answer #2 · answered by skipper 7 · 0⤊ 0⤋
And beyond - after your mortgage is paid off, if you still own the house you'll continue to pay the taxes, there just won't be an escrow account so you'll send them in yourself.
I've never seen school taxes go down, although in theory they could. They go up most years.
2007-07-12 05:05:48 · answer #3 · answered by Judy 7 · 3⤊ 0⤋
Your property taxes and your mortgage are two totally separate issues. You'd still be paying property taxes even if you paid cash for your home.
2007-07-12 05:26:40 · answer #4 · answered by Bostonian In MO 7 · 1⤊ 0⤋
taxes do not relate to your mortgage.
your tax bill will probably increase year after year for as long as you own your home.
2007-07-12 04:59:14 · answer #5 · answered by nova_queen_28 7 · 2⤊ 0⤋