Property Tax Proration
Inputs
Enter the total annual property tax bill for the current tax year (or most recent bill).
Usually January 1. Some jurisdictions use other start dates—adjust if needed.
Usually December 31. Use the end of your local tax period.
The date the property changes ownership.
This setting changes the day count by 1. Many markets treat the seller as responsible
through closing; others count the closing day for the buyer.
Results
Counted from the tax period start through the day assigned to the seller based on the rule above.
Calculated using Actual/365:
(Annual Taxes ÷ 365) × Seller Days.
This is shown as a seller credit to the buyer at closing.
Proration — Seller Credit: $0.00
How proration works (quick guide)
- Confirm your local tax period (e.g., Jan 1–Dec 31) and the annual tax amount.
- Choose who pays the closing day: Seller pays through closing (common), or Buyer owns closing day (some markets).
- We count the seller’s days in the period and multiply by the daily rate (Actual/365).
- The result is shown as a seller credit to the buyer on the settlement statement.
