No. If your annual property tax is due during construction, you are required to pay it in full without using funds from your construction loan(if your property taxes for the construction site are or become past-due, draws from your construction loan will be halted until you pay the property taxes in full).Once your construction is complete and you are closing or refinancing your loan, we will calculate the amount of property tax owed at that time, add it to the closing costs, and submit that portion of the payment on your behalf to the local jurisdiction that collects it. You will be responsible for any remaining property taxes for the rest of the year.