Real Estate from A to Z
by Aaron Zapata, MBA
Property taxes always seem to confuse buyers and sellers when closing an escrow. For the buyer, they are trying to figure out how much they are going to have to pay. For the seller, they want to know how much money they are going to get back.
Traditional Escrow has provided me with the chart (see link to attachment below) that helps to explain when property taxes are due and that time periods that they cover. Property taxes are pro-rated based on the close of escrow.
I hope you find this helpful when you are selling and buying your next property!
If you have specific questions or need help with your next real estate transaction, please contact me today.