Originally posted by catfish
Are they basing your escrow on your previous years property taxes? Our first years payment was a lot lower than we expected. The second year it went up substantially, then finally evened out the third. Just something to consider.
This is true because taxes are done in arrears in Florida. In other words you are always paying last years assesment. Just make sure your mortgage compnay is figuring your taxes on improved land with dwelling and not just the old vacant land. Otherwise you will have a rude awakeing next year.