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PC Access for Windows Reference Guide
for PC Access Version 4.30
Amortization: Semi-Annual Tax
Enter a value for any tax payments (e.g., property taxes) you want to include with the loan payment schedule. In general, a property owner pays a property tax every six months. Most home loans include escrow amounts to cover property taxes. The Amortization window divides the Semi-Annual Tax by six (to compute a monthly tax), and adds it to the Total Monthly Payment value.