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 website give users an option - users
can include property tax in the computation, or they can leave it out.