Definitions for "Tax Service"
a report to the lender, biannually, concerning the timely payment of proper taxes and reports any delinquencies.
fee charged by the lender for a service that notifies the lender of property tax amounts and/or delinquencies.
A fee paid to a tax service agency which each year reviews the records of taxing bodies and reports any delinquencies to the lender. The fee is usually paid by the borrower.
A set of books used in tax research that contains a vast quantity of tax-related information, normally including a compilation of the Code, regulations, court decisions, and IRS releases, with explanations of these primary authorities by the editors.
The accumulation of bills issued by municipalities for real estate assessments by an agent other than the mortgage servicer.