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Escrow Shortage to Surplus Question

My lender is overestimating my 2021 taxes due to not taking homestead into account, thus they have indicated I have an escrow shortage. Depending on the approval of the upcoming proposed county budget changes, my 2021 RE taxes (billed in November) will be between $300 to $500 less than what the lender estimated.

What I'm confused on is that my current escrow payment already includes the amount needed for 2021 RE taxes, but my shortage payment, which I'm also paying, seems to account for the estimated RE taxes as well. Is the escrow shortage I'm being charged related to future 2022 taxes? If so, does this mean I'll get back more than $300-$500 since they are overestimating both 2021 & 2022 RE taxes?

submitted by /u/Jove4
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source https://www.reddit.com/r/RealEstate/comments/pek9tt/escrow_shortage_to_surplus_question/
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