Tax burden was settled by closing agent. New owners on title are now liable

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Jan 18, 2020
11:15:48am

JackStack All-American

Tax burden was settled by closing agent. New owners on title are now liable

You had to clear taxes for title to transfer. You are good.

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JackStack

Bio page: JackStack
Joined: Aug 29, 2007
Last login: May 2, 2024
Total posts: 16,155 (3,167 FO)

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Messages

Author

Time

We sold our house in October, would we be getting a property tax notification

Duke Silver

1/18/20 11:14am

Prorated property tax would have been settled at closing. Your portion would have been calculated and credited to their

Pimpin4Paradise

1/18/20 11:15am

Your portion was likely pro-rated at closing since the borrower's full tax bill would have been due before his 1st pmt.

mulletino

1/18/20 11:15am

Tax burden was settled by closing agent. New owners on title are now liable

JackStack

1/18/20 11:15am

new owner takes care of subsequent tax bills. Pro-ration takes place at close

Pedant

1/18/20 11:15am

wow. quadruple hack. All in the 15 seconds it took me to write my reply

Pedant

1/18/20 11:18am

Thanks guys! Had a mini panic there, appreciate it.

Duke Silver

1/18/20 11:17am

I think we need a few more replies to make it perfectly clear

Pedant

1/18/20 11:18am

If anything you may end up seeing A check for overpayment

JOPE

1/18/20 11:23am

Be careful, some counties handle it differently. Sometimes you will get a credit

Scratch

1/18/20 11:39am

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