1004 - Property Tax Impound
The amount of property tax impounded can vary dramatically by county and the date you purchase your home. For example, in some counties the amount withheld equals the county tax rate times the number of months from the time you close until your first tax payment is due. You can get a rough idea of the amount due by using your county tax rate and an average of 6 months, but we recommend you consult directly with your real estate agent or county authorities for a more dependable figure.