Jennifer, as my peers have mentioned, property taxes are paid for the previous year and need to be paid by January. There are instances where a payment plan is set up, however there may be fees associated with that. During closing both buyer and seller have their portion of the property taxes owed settled on the closing statement.
REALM Real Estate Professionals
Calif has it & recently my Dad & I sold his home for $665000! let me tell u he got hammered with that Tax hopefully Tx never adds to our Closings. I feel that would be very detrimental to our Economy. Our Taxes are the highest I believe for any of the surrounding States.... more