Taxes Due

You just got a tax bill in the mail. Now what?

Every year in Gwinnett on Oct 1st, the county tax department releases the new tax bills. Those taxes are due Dec 1st. They mail the bill to whoever owned the property on Jan 1st of that year. If you sold your home this year and are wondering why you should pay a tax bill for a property you don’t own anymore, you shouldn’t. Shouldn't pay it that is, wondering is fine. Just forward it to the address listed on the bottom of your settlement statement or contact your Realtor for help. You are not responsible for that tax bill. You’ve already paid your part at closing. Also - be on the lookout for a refund of your escrow account for any extra money that wasn’t needed.

If you just bought a home this year and you get your tax bill and you’re wondering why you have to pay a full year’s worth of taxes, remember that the seller paid their part at closing. Of course, you shouldn't write a check either. Usually, the taxes are paid out of your escrow account, by the mortgage holder. You are paying for that escrow every month, and once a year, your lender pays your taxes on your behalf. I say "usually" because I am assuming you have a mortgage. If you paid cash for your property, or it's paid off and you are no longer funding an escrow account, then you'll need to pay that tax bill. Also, don’t forget to apply for the homestead exemption. It probably won’t help this year, but it will next year.

Of course, if you have any questions, reach out to the Realtor that helped you with your home sale/purchase. If they can’t help you, they can tell you who to contact. If you didn't like your Realtor, call me. I'll do what I can to help you.

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