If a property is sold after its tax exclusion period begins, should current year taxes be prorated privately between the buyer and seller (i.e. at the closing of the property transfer)?
That would need to be addressed by the buyer and seller. Neither our department nor the county will address prorating of property taxes. That is strictly between the two parties involved in the sale. The owner as of January 1 is considered the owner for the tax year that begins July 1 of that year.
Related Questions
- If a property is sold after its tax exclusion period begins, should current year taxes be prorated privately between the buyer and seller (i.e. at the closing of the property transfer)?
- If my property is sold at the Delinquent Tax Sale, what happens to any leftover money after the taxes, penalties, levy costs and interest are paid?
- Can property be sold after non-payment of taxes for one year? Why?
