Please Share This calculator is designed to estimate the real estate tax proration between the home buyer & seller at closing. This proration calculator should be useful for annual, quarterly, and semi-annual property tax proration at settlement (calendar & fiscal year). Simply close the closing date with the drop down box. Then, enter the local, county, and school tax amount and enter the tax period (i.e.

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FROM - 1/1/2015 TO - ). Choose paid or not paid. This calculator will count days owned and per diem tax cost. PROPERTY TAX PRORATION Close Date Ex (1/1/2016) Ex (7/1/2016) Per Diem Per Owned COST FROM TO Based On: Diem For Local Tax County Tax School Tax Other ____ Other ____ Other ____ TOTAL 1. Enter the closing date with the drop down boxes 2. Enter the real estate taxes in the COST box 3.

Enter the tax period (i.e. FROM - 7/1/2014 TO ) 4. Choose the Per Diem based on 365 or 366 days, or if you are estimating quarterly, or semi-annual taxes based on the dates entered, choose Dates Entered 5. Choose Paid or Not Paid 6. Homeowners association proration, water, sewer, etc. CLICK OUTSIDE THE BOX AFTER ENTERING VALUES Examples are hypothetical. We can not and do not guarantee the applicability or accuracy in regards to your individual circumstances.

I encourage you to seek personalized advice from qualified professionals concerning real estate financing and calculations. Copyright © 2016,William A. MacDonald All rights reserved. CALENDAR YEAR PRORATION EXAMPLE: Municipality charges $3,650 per calendar year ($10 per day). Closing is on June 1st. Longman Dictionary Of Contemporary English No-cd Patch here. Seller paid the property taxes.

Calendar year proration: The seller occupied the home from January 1st to May 31st or 151 days. The buyer reimburses the seller from and including June 1st to December 31st which equals 214 days. The buyer will pay the seller $2,140 at closings (214 days X $10 per day). FISCAL YEAR PRORATION EXAMPLE: School district charges $3,650 ($10 per day). Closing is on June 1st, 2009 Seller paid the property taxes. The school district's billing period is from JULY 1ST 2008 to JUNE 30th 2009.