Tax statements are sent to the taxpayer of record. Escrow is a legal arrangement in which a neutral third party temporarily holds large sums of money or property until a particular condition has been met.You can complete these copies online for furnishing statements to recipients and for retaining in your own files. Specific Instructions. The escrow holder insures that all terms and conditions of the seller's and buyer's agreement are met prior to the sale being finalized. This means putting money in an escrow account to make sure funds are readily available to pay for your insurance and taxes. Where Do You Find a Lender? Who pays closing costs in a Minnesota real estate transaction, and how much are they? We break it down for buyers and sellers. You can get a copy of your property tax statement from the county website or county treasurer where the property is located.