We can do: FHA, Conventional, USDA, VA, HARP, Interest Only, Home Equity, Fixed, and Variable. Find out which product is right for you by calling Brad at (855) 415-5626.
Sr. Loan Officer
Crosscountry Mortgage Inc.
Toll Free: (855) 415-5626 ext. 5734
Property taxes can confusing, you are most definitely not alone in that.
Let's get a few of the assumptions down so it may be easier.
The tax year is July 1, 2012-June 30, 2013. Two installments for two halves of the year. July 1 to Dec. 31, 2012 and Jan 1.-June 30, 2013.
If you closed on April 1, 2013, the taxes would be prorated based on what the seller pays from Jan. 1, 2013 to June 30, 2013. (The first installment taxes should have already been paid or taken out of the seller's proceeds-which you would have had nothing to do with paying). The closing statement should reflect that whole second installment, with you paying from April 1-June 30, 2013. The refund you received would have been on the over payment you made from April 1-June 30.
The next bill you receive will be in October of 2013 for the 2013-14 taxes. The assessor's office MIGHT be caught up by then to reflect your new value (less than what the seller paid). If it isn't, you will have to request a refund on that installment taxes too, so watch out for that bill. Don't bother trying to call the assessor to get ahead of the game; doesn't work.
Does that make it more clear?
All the best
Zephyr Real Estate
Escrow would/should have pro-rated the taxes between Buyer/Seller. Reassessments only occur on Jan 1 of each year. The following blog post may shed some light on your experience:
"Estimating Property Taxes in CA" http://tinyurl.com/bjjledz