Mortgage Dictionary

Select a term from the dropdown text box. The online mortgage dictionary will display a definition, plus links to other related web pages.

Select term:       

Property Tax

Property taxes are taxes on real estate, imposed by local governments.

Many mortgage companies bundle property taxes into the monthly mortgage payment, along with principal, interest, and home insurance.

The various mortgage calculators on this web site give users an option - users can include property tax in the computation, or they can leave it out.

See also:   Mortgage Costs