My house is sold and the closing is scheduled in the middle of the tax billing period. How do the new owner and I split the tax bill?
Your lawyer will do a statement of adjustment, which will show what portion of the tax bill the current owner is responsible for and what the new owner will be required to pay. The lawyers will make these adjustments at the closing. Owners are required to make all tax payments as they are due up to the date of closing.
Related Questions
- My house is sold and the closing is scheduled in the middle of the tax billing period. How do the new owner and I split the tax bill?
- What happens if my hospitality tax form is postmarked after the 20th day following my closing period?
- How Much Money does the Owner have to Pay to Redeem the Property Sold At a Tax Sale?
