couple consults with tax advisor

Property Tax Payment Options

Review your payment options and these helpful reminders.

As we approach tax season, we want to remind you of the property tax payment options available to you through First State Bank.

 

Option 1 – Customer Delivered Check

  • In December, you will receive a check made out to both you and your municipality/county.
  • You are responsible for delivering this check to your local tax agency.
  • Watch for an envelope from us in December. If you haven’t received it by December 25, please ask for Loan Servicing at (800) 994-2500 or contact loanservicing@bankfirststate.com.
  • If property taxes increase significantly beyond what is in your escrow account, we will send you a check for the anticipated amount, and you will need to pay the difference directly.
 

Option 2 – First State Bank Electronic Payment (by December 31)

  • First State Bank pays your taxes electronically through our tax service vendor, Cotality.
  • No action is required on your part.
  • All funds will be disbursed from escrow accounts by December 31, with payments sent to the tax agency in December/January. You may still claim the amount on your 2025 income taxes using:
    • Form 1098, Box 10 (if more than $600 in interest was paid and borrower is not an LLC or Inc).
    • Your annual statement (which may be available for you to print directly).
 

Option 3 – First State Bank Electronic Payment (by January 31)

  • First State Bank pays your taxes electronically via Cotality by January 31.
  • No action is required on your part.
 

Option 4 – First State Bank Electronic Installment Payments

  • First State Bank pays your taxes electronically in installments via Cotality, typically in January and July.
  • No action is required on your part.
 

Changing Your Tax Option

As a reminder, you are able to change your property tax option for the current year up until November 10. While the window for 2025 taxes has closed, you may change your option for 2026 taxes (paid beginning in December 2026) up until November 10, 2026.

If you have questions, please ask for Loan Servicing at (800) 994-2500 or contact loanservicing@bankfirststate.com.