Yes. Once the loan is gone, taxes and insurance become bills you pay directly, and that handoff is where people slip. A few things happen after payoff: - No tax is owed just for paying off your home. Property taxes continue as always, paid to your county. - Your escrow (impound) account ends. That account existed so the servicer could pay your taxes and insurance on your behalf while they serviced the loan. - Within roughly 15 to 45 days you should receive a reconveyance, a recorded document confirming the deed of trust securing the loan has been satisfied, usually along with a notice that the servicer will no longer pay your insurance or property taxes. From that point, paying the homeowners insurance premium and the property tax bill on time is fully your responsibility. Because those bills used to be paid automatically out of escrow, this is the moment people most often let coverage lapse or miss a tax due date. Set your own reminders for both the day the loan is gone.