How To Prorate Real Estate Taxes Formula

The closing process occurs under the control of a closing agent. The  proration amounts depend on local customs and previous tax payments...
How to Prorate Real Estate Taxes Formula

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At the closing, real estate taxes are prorated between the buyers and sellers so that each party pays the appropriate amount of tax for the number of days they own the property. Download our ebook to find out more on How to Prorate Real Estate Taxes Formula.

About the Author

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Anthony Angelillo
CEO and Founder of The TAG Lending Group

I have been in the industry helping serve Realtors and Clients for over 20 years and have been a Top Producer for several years. I created The TAG Team to be a partner in your homeownership endeavors and truly enjoy assisting all clients with their financial needs. We are a team of Mortgage Brokers that are also an affiliate with a community of Realtors who bring innovation, ease, convenience, and integrity to every deal we are part of.

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