Important Information For Homeowners With Tax Escrow Who Also Received 2013 Homestead Rebates
Homeowners that received a Homestead Rebate in 2013 and have their taxes handled through their mortgage company have been getting notifications from their mortgage companies regarding a shortage in escrow. This is NOT due to an increase in taxes.
Mortgage companies calculated your 2013-2014 tax escrows with the Homestead Rebate Credit issued in August of 2013. The State of NJ did not disburse a rebate in 2014. Since there was no credit from the Homestead Benefit in 2014, the lack of a credit caused a “shortage” in the escrow account.
If you encounter this type of notification please review your tax bill and contact your escrow company directly. This problem cannot be resolved through the Howell Township Tax Collectors Office.
Howell Township Tax Collectors Office