Taxes are paid in arrears by the owner; so you will only be responsible for the taxes starting the date that you close on the property.
Most of the closing costs (title search, prep, documentary stamps) are paid for by the seller.
Your costs would be the amount of the purchase, the cost of your structure and termite inspections (about $300.00), and, if you are financing, any of your lenders costs.
Please let me know if I can be of help in your purchase of this or any other property in Melbourne.
Phil Rotondo, Realtor
ERA Showcase Properties and Investments