prorated taxes: How Should Unpaid Property Taxes Be Handled at Closing - 10/23/19 06:32 AM
 
Will You Have to Pay Taxes When You Buy a House? When you buy a home, in addition to the down payment and closing costs, you probably will  see an item on your closing documents for taxes.  Exactly how much of a bill for taxes will depend on your contract and the date of your closing.
Prorated Property Taxes

Houses are sold Monday through Friday (and sometimes on weekends) throughout the year.  However, property taxes are billed on a fiscal year schedule, which may or may not coincide with the calendar year. In some jurisdictions, taxes are paid in installments.   For … (12 comments)

 
Lise Howe, Assoc. Broker in DC, MD, VA and attorney in DC (Keller Williams Capital Properties)

Lise Howe

Assoc. Broker in DC, MD, VA and attorney in DC

Washington, DC

More about me…

Keller Williams Capital Properties

Address: 7161 Woodmont Ave, Bethesda, MD, 20815

Office: (240) 401-5577

Mobile: (240) 401-5577

As an full time and very active Realtor in the DC metro area, I love to write about the DC market, special communities within the market, and new listings, and to connect with other agents in ActiveRain on ways to improve our service to the public and our marketing abilities.


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