When it comes to property taxes, many homeowners are unsure about who is responsible for making the payment. In this article, we will discuss the process of property tax payment in Person County and shed light on who actually handles this important financial obligation. Whether you own your property outright or have a mortgage, understanding the payment process is key to maintaining compliance and avoiding any unnecessary stress. So, let’s dive in!
Property Tax Payment Process: Owning Property Outright
If you are the proud owner of a property in Person County without any loans or mortgages, the responsibility of paying property taxes falls squarely on your shoulders. Each year, you will receive a property tax bill that requires payment. There are three options available for paying your property tax bill:
Online Payment: Person County provides an online platform for convenient and efficient property tax payments. By accessing the county’s designated website, you can input the necessary information and settle your tax liability through a secure online transaction.
Mail Payment: Alternatively, you can choose to pay your property tax bill by mail. Simply follow the instructions provided on the bill, including the payment amount and mailing address. It’s important to ensure that you send your payment well in advance of the due date to avoid any late fees or penalties.
In-Person Payment: For those who prefer face-to-face interactions, Person County also allows property owners to make payments in person. Visit the designated county office during business hours and present your property tax bill to a representative who will assist you in completing the payment process.
Property Tax Payment Process: Mortgage Holders
If you have a mortgage or home loan on your property in Person County, the payment process for property taxes may be slightly different. When you make your monthly mortgage payment, there are typically four components included:
Principal Payment: This portion of your monthly payment goes towards reducing the outstanding balance of your mortgage loan.
Interest Payment: You also make a payment towards the interest accumulated on your mortgage loan.
Home Insurance Payment: Another component of your monthly payment is allocated to your home insurance premiums.
Property Tax Payment: The fourth and final component of your mortgage payment is dedicated to covering your property taxes.
Given that property taxes are included in your monthly mortgage payment, the responsibility of paying the property tax bill falls on your mortgage company. They are responsible for ensuring that the property tax bill is settled promptly when it is due.
Verifying Property Tax Payment
There may be instances where you receive a property tax bill directly, instead of it being handled by your mortgage company. In such cases, it is essential to check with your mortgage company to confirm whether they have already made the payment on your behalf. It is not uncommon for homeowners to panic when they receive a bill that should have been handled by their mortgage company. By verifying the payment status with your mortgage company, you can alleviate any unnecessary concerns and maintain peace of mind.
In conclusion, understanding the property tax payment process in Person County is crucial for both homeowners who own their properties outright and those with mortgages. By knowing your role in the payment process, you can ensure compliance and avoid any potential issues. Homeowners without mortgages handle property tax payments directly, while mortgage holders rely on their mortgage companies to take care of this financial obligation. Remember to verify with your mortgage company if you receive a property tax bill to avoid any confusion or delays. Stay informed and proactive to make the property tax payment process hassle-free every year.
Remember, paying property taxes is not only a legal responsibility but also an essential contribution to maintaining and improving services in Person County. So, embrace your role as a responsible homeowner and fulfill your property tax obligations promptly and accurately.