What is an impound account and how does it affect my refund?

An impound account, also called an escrow account, is simply an account maintained by the mortgage company to collect additional payments that are required for you to keep your home. Your lender will divide the annual cost of these payments into a monthly amount and add it to your overall mortgage payment, and pay these expenses on your behalf. Therefore, if you do not pay your Property Taxes twice a year, it is likely that you have an impound account.

NOTE: The County ONLY issues refunds directly to the property tax PAYEE. Therefore, if you have an impound account, the refund will be issued directly to your institution/lender. Please contact your mortgage company or lender for their policies and procedures on receiving the refund.