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Real Estate Tax Escrow Regulations: Calculations

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Where can I read the real estate tax escrow regulations and how it directs us to calculate a customer's taxes. For instance, do I take the most recent installment of taxes times two? Do I take the previous calendar year's taxes or do I take the two most recent installments added together? I'm in a county where the installments are not equal amounts. More specifically, I need to know what the regulations state.

You should be able to refer to the county and determine next year's taxes. RESPA instructs you on how to determine escrow payments in Section 3500.17.

You might also find the following tools helpful:Escrow Calculator

Escrow Webinar (8/24/11)

First published on 7/25/11

First published on 07/25/2011

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