The Real Estate Encyclopedia
How do I prorate my property taxes?
Category - Home Buying Questions - Insurances & Taxes FAQ's
Taxes are always due from January first until midnight of the day you move. The following is an example of a closing scheduled for September 26 with taxes of $4,325.00: Take the taxes and divide by 365 (days of the year) so you can get find the daily tax rate. In this case it would be $11.85. Take $11.85 and multiply it by the number of days in the year until September 26. This would be 266 days. By multiplying $11.85 and 266 you've prorated your taxes at $3151.91.


References


External Links
www.affordablelistings.com
 
 
Category(s)
Home Buying Questions - Insurances & Taxes FAQ's
Home Selling Questions - General Home Selling FAQ's
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