[Ohiogirl]

If you have no mortgage, it just comes on your tax bill and you pay it annually and you have one chance a year (I think by July), with a separate notice, to pay it off. You could pay it off in between annual notices, but you would have to pay all the interest for the year in between anyway. At least that's my understanding.

Most here advise that if you are sure you are staying in that house, you may want to consider paying it off - if you think you may be moving in the future, don't pay it off.

If you have a mortgage and have your taxes and insurance escrowed by your mortgage company, you will also be charged for the bond and they pay it, just like they pay your taxes.