Property Tax Escrow Reserves
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DC Tax Periods 1st Half 10/1‐3/31 (Due 3/15 ‐Arrears) 2nd Half 4/1‐9/30 (Due 9/15 ‐ Arrears) DC Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves January 1 February 2 March 3 April 4 May 5 June 6 July 1 August 2 September 3 October 4 November 5 December 6 Maryland (Principal Residence) Tax Periods 1st Half 7/1‐12/31 (Due 9/30 ‐ Advance) 2nd Half 1/1‐6/30 (Due 12/15 ‐ Advance) MD Lender Tax Escrow/Reserves Closing Month January 3 February 4 March 5 April 6 May 1 June 3 July 4 August 5 September 6 October 7 November 1 December 2 Maryland (Investment or Second Home) Tax Periods Annual 7/1‐6/30 (Due 9/30 ‐ Advance) MD Lender Tax Escrow/Reserves Closing Month January 7 February 8 March 9 April 10 May 11 June 12 July 13 August 2 September 3 October 4 November 5 December 6
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A lender will require the homebuyer to put down a deposit at the time of closing to establish the escrow/reserves account such that the lender has enough money to pay the future real estate tax bills. Beginning with the homebuyer’s first monthly principal and interest mortgage payment, the lender will include 1/12th of the annual real estate taxes. The escrow/reserves deposit is calculated based on the number of months before the next tax bill is due against the number of months the lender will have collected through the mortgage payments from the date of closing.
Transcript of Property Tax Escrow Reserves
DC Tax Periods
1st Half 10/1‐3/31 (Due 3/15 ‐Arrears)
2nd Half 4/1‐9/30 (Due 9/15 ‐ Arrears)
DC Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
January 1
February 2
March 3
April 4
May 5
June 6
July 1
August 2
September 3
October 4
November 5
December 6
Maryland (Principal Residence) Tax Periods
1st Half 7/1‐12/31 (Due 9/30 ‐ Advance)
2nd Half 1/1‐6/30 (Due 12/15 ‐ Advance)
MD Lender Tax Escrow/Reserves Closing Month
January 3
February 4
March 5
April 6
May 1
June 3
July 4
August 5
September 6
October 7
November 1
December 2
Maryland (Investment or Second Home) Tax Periods
Annual 7/1‐6/30 (Due 9/30 ‐ Advance)
MD Lender Tax Escrow/Reserves Closing Month
January 7
February 8
March 9
April 10
May 11
June 12
July 13
August 2
September 3
October 4
November 5
December 6
Arlington, VA Tax Periods
1st Half 1/1‐6/30 (Due 6/5 ‐Arrears)
2nd Half 7/1‐12/31 (Due 10/5 ‐ Arrears)
Arlington, VA Lender Tax Escrow/Reserves** Closing Month # of mos. in lender escrow/reserves
January 6
February 1
March 2
April 3
May 4
June 5
July 6
August 1
September 2
October 3
November 4
December 5
City of Alexandria, VA Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
January 5
February 6
March 1
April 2
May 3
June 4
July 5
August 6
September 1
October 2
November 3
December 4
Fairfax, VA Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
Prince William January 3
February 4
March 5
April 6
May 1
June 3
July 4
August 5
September 6
October 1
November 1
December 2
Loudoun, Stafford, VA Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
January 4
February 5
March 6
April 1
May 2
June 3
July 4
August 5
September 6
October 1
November 2
December 3
All Other VA Counties Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
January 4
February 5
March 6
April 1
May 2
June 3
July 4
August 5
September 6
October 1
November 2
December 3
Florida Lender Tax Escrow/Reserves Closing Month # of mos. in lender escrow/reserves
January 5
February 6
March 7
April 8
May 9
June 10
July 11
August 12
September 13
October 2
November 3
December 4
