Escrow is a conduit between seller, buyer, agent and lender. As a new owner, you are responsible for any taxes that were not paid as of the time escrow closed.And some can be split between the two parties. Closing Costs consists of many different things: Escrow Fees- One fee that is called an escrow fee. This Annual Report on Form 10-K (the "Annual Report") contains statements that constitute forward-looking statements. This Advisory is for use in Contra Costa County.