Do property taxes have to be paid at time of sale?

D

doubleR

New member
I am trying to sell a property in New York. The property taxes are up to date but they are always accumulating as I understand it. When we sell will we have to pay off what we owe or can the new owner take responsibility by taking a credit in the purchase price (so he wouldn't have to barrow as much)?
Thank you Judy, but my question was does it have to be paid at the closing table or can it be worked out in the contract as some kind of credit where I could say count it as part of the buyers down payment and leave him with the responsibility?
 
J

Judy

Member
As part of the closing costs that YOU pay, you'll pay a prorated portion of the taxes for the time you still own the home. If the taxes are paid ahead, then the buyer would pay (and you'd receive) a prorated amount for the time THEY own the home.
 
J

Judy

Member
As part of the closing costs that YOU pay, you'll pay a prorated portion of the taxes for the time you still own the home. If the taxes are paid ahead, then the buyer would pay (and you'd receive) a prorated amount for the time THEY own the home.
 
J

Judy

Member
As part of the closing costs that YOU pay, you'll pay a prorated portion of the taxes for the time you still own the home. If the taxes are paid ahead, then the buyer would pay (and you'd receive) a prorated amount for the time THEY own the home.
 
J

Judy

Member
As part of the closing costs that YOU pay, you'll pay a prorated portion of the taxes for the time you still own the home. If the taxes are paid ahead, then the buyer would pay (and you'd receive) a prorated amount for the time THEY own the home.
 
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