Property Tax Impound Schedule
When you close on a mortgage, your lender typically establishes an impound account, also known as an escrow account, to collect funds for upcoming property taxes and insurance premiums.
California
- Due Date: November 1
- Delinquent Date (Late Penalty Applied): December 10 (after 5:00 PM)
- Coverage Period: July 1 – December 31
- Due Date: February 1st
- Delinquent Date: April 10th at 5:00 PM
- Period Covered: January – June
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If you select for your lender to pay your property tax and/or home owners insurance, following calculation may take place and amount to be added to your cash to close.
Frequently Asked Questions
1st Mortgage Payment Due January 1st
5 Months Collected (1st Installment Paid, 2nd Installment not Paid)
1st Mortgage Payment Due Febuary 1st
6 Months Collected (1st Installment Paid, 2nd Installment not Paid)
1st Mortgage Payment Due March 1st
7 Months Collected (1st Installment Paid, 2nd Installment not paid)
1st Mortgage Payment Due April 1st
7 Months Collected (1st Installment Paid, 2nd Installment not paid)
2 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due May 1st
2 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due June 1st
1st Mortgage Payment Due June 1st
1st Mortgage Payment Due July 1st
5 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due August 1st
6 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due September 1st
7 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due October 1st
8 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due November 1st
9 Months Collected (1st and 2nd Installment Paid)
1st Mortgage Payment Due December 1st
10 Months Collected (1st and 2nd Installment Paid)
4 Months Collected (1st Installment Paid, 2nd Installment not Paid)