Zillow Advice: Buying Process - Real Estate Closing Property Tax Settlement Question http://www.zillow.com/advice-thread/Real-Estate-Closing-Property-Tax-Settlement-Question/462745/ Zillow Advice | Zillow Real Estate As Derek stated this is just ... http://www.zillow.com/advice-thread/Real-Estate-Closing-Property-Tax-Settlement-Question/462745/ As Derek stated this is just an opinion.&nbsp; In most places in Oakland county taxes are paid in advance.&nbsp; Bills are due July 1st and December 1st with grace periods to pay these. You have incorrectly stated that the taxes are due on September 27 and December 27.&nbsp; These are the end of the grace periods.&nbsp; Taxes are pro-rated from July 1st and December 1st.&nbsp; So you would be reimbursing the seller from the closing date to June 30, 2013 and November 30, 2013 or possible July 1st and December 1st, 2013 depending on how the title company calculates. <br/><br/>So again this is an estimate based on my opinion and not my expertise in legal matters or closings. Based on the figures you quote for the taxes your reimbursement would be approximately $2211.00 for summer taxes and $105.00 for winter taxes.<br/><br/>I hope this helps.<br/> Sat, 06 Oct 2012 15:20:00 GMT http://www.zillow.com/advice-thread/Real-Estate-Closing-Property-Tax-Settlement-Question/462745/ 2012-10-06T15:20:00Z This is being posted merely ... http://www.zillow.com/advice-thread/Real-Estate-Closing-Property-Tax-Settlement-Question/462745/ This is being posted merely as my experience and opinion ... NOT as a legal expert and/or a closing authority.&nbsp; I am an authority in real estate, but neither taxes or insurance.<br/><br/>It is customary in SE Michigan for purchasers to reimburse sellers for property taxes that are paid in advance, which is how we pay our tax bills.&nbsp; Summer and Winter bills each over a 12 month period (Summer due July 1st with a grace period that goes into September depending on where you live; Winter due December 1st with a grace period that goes into February depending on where you live.)&nbsp; Thus, follow this hypothetical...<br/><br/>Summer tax bill&nbsp;&nbsp; $2,000&nbsp;&nbsp; due July 1st.<br/>Winter tax bill $1,000 due December 1st.<br/>Closing occurs&nbsp;on October 1st.<br/><br/>SO (assuming all taxes are paid current by seller), the buyer would reimburse the seller for taxes in advance for 9 months of the summer bill, and 2 months of the winter bill.&nbsp; Thus, approximately $1,700 total in necessary reimbursed taxes. Fri, 05 Oct 2012 04:02:00 GMT http://www.zillow.com/advice-thread/Real-Estate-Closing-Property-Tax-Settlement-Question/462745/ 2012-10-05T04:02:00Z