The City of Wauwatosa uses a product, Escrow Pro by GovTech Services, that greatly streamlines bulk property tax payments which are paid directly to the City from mortgage companies
- Escrow Pro provides several benefits to the taxpayer and the Treasurer's Office. Benefits
- Most major mortgage companies participate. List of Participating Banks
- The taxpayer is responsible for contacting their mortgage company to determine whether or not their escrowed property tax payment will be sent as part of a large bulk payment. The Treasurer's Office does not have this information in advance of the payment being sent.
The expected receipt of most December 2015 tax funds by the Treasurer's Office is December 28, 2015. Payments will be posted by the Treasurer's Office subsequent to the receipt of funds. Receipt dates on the property tax payment transactions will match the date the funds were received from the mortgage company.
- The mortgage company will make a payment only for the amount of property tax due. If taxpayer makes a payment prior to December 29, it will affect the amount the bank sends to the City. The taxpayer is responsible for calling their mortgage company concerning any funds still held in escrow.