Mortgage Tax Accounts

Looking for a convenient way to save for your property taxes? If your answer is “Yes”, you need a League Savings and Mortgage Mortgagor Tax Account.

Mortgage Tax Accounts

Features and Benefits

Features

  • A portion of your regular mortgage payment is set aside in the special savings account.
  • Your savings can earn interest, and accumulate so that when your tax bill is due, you have the funds in your account to pay them.
  • In some cases, your municipal tax office will forward your tax bill directly to League Savings and Mortgage for payment, otherwise you forward it to us when received.
  • Payment is remitted to pay your tax bill and your year-end mortgage statement reflects the total taxes paid for the year.

Benefits

  • You save towards future tax bills so you don’t have to worry about coming up with a significant sum of money when the bill arrives.
  • Your savings earn a competitive rate of interest which is based on the minimum monthly account balance and is added to your account annually.