Who pays what and when?
At the closing of any real estate transaction, property expenses should be divided fairly between the buyer and the seller so that each party is paying only for those days which he/she owns the property. Who pays what and when varies greatly depending on the close date!
Download our Property Tax Proration Chart for an easy-to-use breakdown of the real estate tax prorations between the home buyer & seller at closing.
For examples and more information on property tax prorations, check out this blog post!
Download our Property Tax Prorations Chart Here