Shannon,

There are several different types of taxes that you may be referring to:
property taxe on your current home
state taxes paid at the time of home purchase
The tax implications to you of selling a home "short"

Which are you referring to?

Simon Hartland
Certified Short Sale Specialist
615 579-7909

Shannon,

It depends on when it closes. You need to calculate the number of days up to the day of close of escrow. Well, you don't need to calculate all those tax numbers, ask the title company to pull the tax information for you and they will help you to figure out the exact number. Make sure, you are working with an experienced short sale realtor on your side for selling your house.

Blaison Samuel
Certified Short Sale Specialist
510-366-9405

These calculations may change from state to state, Shannon, but here is a link describing HR 3648, a federal bill that may ease the burden on short sales. Good Luck!