01
Parcel and period
Taxing authority bill or official parcel record
Check address, parcel ID, year, installments and whether the bill is complete.
Property evidence · field guide
Use a tax bill, not a seller’s monthly estimate
Reconcile the parcel, assessment period and annual property-tax amount before converting it into a monthly input.
Sources checked November 1, 2026 · Educational document review · No loan offer
Build the evidence before choosing an input
02
Assessment and exemptions
Assessor’s record and written clarification
A seller’s exemptions or assessed value may not describe the buyer’s future obligation; verify locally.
03
Closing adjustment
Settlement statement
A proration allocates a period between parties. It is not automatically the annual recurring expense.
Fictional bill-to-input conversion
An authored teaching record; amounts and situations are fictional, not market statistics or actual borrower files.
- Two installments cover the same year: $2,100 and $2,100.
- Annual total: $4,200. Monthly planning input: $4,200 ÷ 12 = $350.
- A separate $600 closing credit is not subtracted from that annual tax input.
Use $350/month for this historical bill, with any known reassessment uncertainty recorded separately.
Turn the record into a usable next step
- 1
Find the taxing authority for the actual parcel and save the bill date, covered year and all installments. Do not sum a total bill and its installment stubs twice.
- 2
Ask the local assessor or tax professional whether the transfer, use or exemptions change the next bill. Mark an unknown future bill as unknown, not zero.
- 3
Compare the property-specific total with the provider’s escrow estimate. Explain every difference before updating the existing calculator; keep closing cash credits in the closing worksheet.
What this evidence does not settle
CFPB’s Loan Estimate explainer recommends checking tax estimates against local tax authorities. It does not supply this property’s tax rate or promise that the prior bill will remain unchanged.
Sources and scope
- CFPB — Loan Estimate explainer
Definitions and document fields for checking costs, taxes, insurance and loan terms.
Read November 1, 2026. This is the check date, not a new effective date for the source.
- CFPB — Escrow or impound accounts
Explains tax and insurance payments through a servicer and changes in those expenses.
Read November 1, 2026. This is the check date, not a new effective date for the source.
The review steps are DSCRDealCheck’s editorial checklist. Agency guides and consumer mortgage explainers define documents and concepts; they do not establish a DSCR provider’s program rules or guarantee that consumer disclosure requirements apply to business-purpose financing. See the transaction-scope distinction in Regulation Z. Confirm the actual file with the provider and the relevant qualified professional.
Continue the property evidence review
Choose the unresolved document in your file. Each guide addresses a different input or obligation.