Why Did My Escrow Go Up

Why Did My Escrow Go Up? If you've recently opened your mortgage statement and noticed that your escrow payment has jumped, you're definitely not alone. Picture this: last year, the average homeowner in the U.S. paid about $2,500 in property taxes. Fast forward to this year, and many states, like Texas and California, have seen tax increases due to rising home values and local funding needs. So, if your neighborhood has been booming and property values have shot up, chances are your tax bill is feeling the pinch too.