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Annual Tax Prorations
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Annual Property Tax Bills
are Collected in Two Installments |
|
1st Installment |
2nd Installment | | July thru December | January thru June | | Due: November 1st | Due: February 1st | | Late: December 10th | Late: April 10th |
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Click
to jump to: Buyer Seller Prepaid Impounds |
|
Buyer | | If you close... |
Buyer will owe |
If
taxes are current | | January 1 |
6
months |
of
2nd Installment | | February 1 | 5 months |
of
2nd Installment | | March 1 | 4 months |
of
2nd Installment | | April 1 | 3 months |
of
2nd Installment | | May 1 | 2 months |
of
2nd Installment | | June 1 | 1 month |
of
2nd Installment | | July 1 | 6 months | of 1st Installment | | August 1 | 5 months | of 1st Installment | | September 1 | 4 months | of 1st Installment | | October 1 | 3 months | of 1st Installment | | November 1 | 2 months | of 1st Installment | | December 1 | 1 month | of 1st Installment | | Back to top |
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|
Seller | | If you close... |
Seller will owe |
If
taxes are current | | January 1 |
6
months |
of
1st Installment | | February 1 | 1 months |
of
2nd Installment | | March 1 | 2 months |
of
2nd Installment | | April 1 | 3 months |
of
2nd Installment | | May 1 | 4 months |
of
2nd Installment | | June 1 | 5 months |
of
2nd Installment | | July 1 | 6 months | of 2nd Installment | | August 1 | 1 months | of 1st Installment | | September 1 | 2 months | of 1st Installment | | October 1 | 3 months | of 1st Installment | | November 1 | 4 months | of 1st Installment | | December 1 | 5 months | of 1st Installment | | Back to top |
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Lender Required Prepaid Impounds | | Month Recorded | 1st Pmt. Due | Est. Tax Reserve | Status of Taxes | | January | March 1 | 5 months | 1st Installment paid | | February | April 1 | 1 month | Both Installments pd. | | March | May 1 | 1 month | Both Installments pd. | | April | June 1 | 2 months | Both Installments pd. | | May | July 1 | 3 months | Both Installments pd. | | June | August 1 | 4 months | Both Installments pd. | | July | September 1 | 5 months | Paid thru June 30 | | August | October 1 | 6 months | Paid thru June 30 | | September | November 1 | 7 months | Paid thru June 30 | | October | December 1 | 6 months | 2 mo. if 1st paid | | November | January 1 | 3 months | 1st Installment paid | | December | February 1 | 4 months | 1st Installment paid |
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