03/31/2025
that when you buy a new build or you do major renovations on your home you may see a property tax interim bill?
A property tax interim bill is a temporary charge when you buy a new home or do major renovations, based on an estimated value before the full assessment.
Most mortgage companies don't include these bills in escrow, so you’ll usually need to pay it directly.
If your escrow covers it, your payments may adjust later based on the final assessment.
Have additional questions? Give me a call 📱
Nicol Bulgaru, REALTOR®
(719) 394-5980
[email protected]
