The Tax Collector provides loan-servicing agencies with tax bill information annually at their request, including the current year assessed values. Impound accounts are typically adjusted by those agencies at some point after they receive this information. You need to contact your loan-servicing agency directly to find out what their policy is concerning impound account adjustments.
Please note, if your assessed value is changed and a replacement bill issued, the replacement bill is sent directly to the property owner. The property owner is responsible for forwarding a corrected bill to the lender.
If your assessed value is changed and your lender paid the original bill, the refund, if any, is sent by the Auditor-Controller’s Office to your lender who paid the original tax bill on your behalf.