Why did my tax escrow payment increase?
An annual review of your escrow account is performed by Vanderbilt to determine if your current tax escrow payment is sufficient to pay your yearly taxes. Adjustment(s) to your escrow payment as well as any refund amount due to you will be determined at this time. Because property tax amounts are determined based on changes in property value and/or reassessment of your property, your monthly tax escrow payment may be adjusted accordingly as the amount of tax due changes. Vanderbilt will pay the amount indicated due on the tax bill. Please contact your local taxing authority with questions and/or concerns regarding adjustments to your property tax bill.