Profile picture for user38912312

selling a house in August 2013.

 Will I be expected to pay May 2012 and Nov 2012 taxes?  Didn't we just pay May 2012 in May 2013?  If this is correct then wouldn't the seller also have to pay May of 2013 at closing? 
  • June 29 2013 - Indianapolis
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Answers (2)

Profile picture for James Embry
Keep in mind, this is an item that can be negotiated.  Refer to your purchase agreement for specifics concerning your transaction.
  • August 12 2013
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Profile picture for wetdawgs
If you sell your home in Aug 2013, you will pay pro-rated property taxes for January through August closing date.   If you've already paid all the 2013 taxes, you'll get a credit for those already paid.  If the bills have not yet come for the 2013 taxes, the buyer will get a credit (i.e. you'll pay them) so they can pay the 2013 taxes.

If you owned the house in 2012, the 2012 taxes are your responsibility.
  • June 29 2013
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