Karen Paytas, GRI, CMS
Real Living Kee Realty
So, just because they were paid last week has no impact on you or your closing -- they're going to pro-rate the summer and winter taxes back on a daily basis and then calculate how many days in each period you're going to live there. Based on that, they will add those fees to your amount due at closing and you'll be able to deduct those property taxes on your tax returns next year.
We run our taxes as such:
Winter: Dec 1 previous year - Nov 30 current year
Summer: July 1 current - June 30 next year
whether it is through the Escrow or directly.
Pre-paid taxes are one of the items in your Closing Costs.
Depending upon the month you close, you will pay 1 to 6 month's taxes.
Haven't you gotten your HUD1 and had it explained to you?