Property Taxes

Property Taxes

Are Real Estate Taxes the Same as Property Taxes?

If you’ve ever looked at your mortgage statement, reviewed your closing costs, or tried to understand your monthly escrow payments, you’ve probably come across the terms “real estate tax” and “property tax.” At first glance, they seem interchangeable and in most cases, they are. But depending on the context, there can be subtle differences worth understanding, especially if you’re a...