Tax worksheet · Free download
Property Tax Installment vs Annual Escrow Payment Audit
Document whether a taxing jurisdiction bills in installments, whether a discount or fee changes the rule, and how the servicer scheduled property-tax disbursements from escrow.
2 pagesNo email requiredEditable + printable
Actual first-page previewProperty Tax Installment vs Annual Escrow Payment Audit
Before you fill it out
What this resource helps you document
Document whether a taxing jurisdiction bills in installments, whether a discount or fee changes the rule, and how the servicer scheduled property-tax disbursements from escrow.
01Taxing authority options
02Discount / fee test
03Servicer schedule
04Borrower preference
05Ledger result
Federal baseline to check
Use the form with the rule, not instead of the rule.
These templates organize facts and records. They do not create a borrower right that the underlying regulation, loan terms, investor rules, or state law does not provide.
- When a taxing jurisdiction offers both annual and installment payments with no annual-payment discount and no extra installment charge, Regulation X generally requires the servicer to use installments.
- If annual payment earns a discount or installment payment adds a charge/fee, the servicer may choose annual payment to capture the discount or avoid the fee.
- The borrower and servicer may individually agree to a different tax disbursement basis or date, provided the agreement is voluntary and the timely-payment requirements are still met.
Use this resource carefully
- Obtain the taxing authority's current schedule showing whether annual payment receives a discount or installments carry an extra fee; this fact controls the federal default rule.
- List every installment due date and amount, then compare the servicer's actual posting dates rather than comparing only the annual total.
- If you agreed to a different schedule, retain the written or other reliable evidence of that individual agreement.
12 CFR § 1024.17(k)(3)CFPB Regulation X § 1024.17(k)(3) — Property-tax installment disbursementsOpen primary source ↗12 CFR § 1024.17(k)CFPB Regulation X § 1024.17(k) — Timely escrow paymentsOpen primary source ↗CFPB consumer guidanceHow to dispute an error or request mortgage informationOpen CFPB guidance ↗