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Professional Services Agreement Integrated Property Tax and Form

Professional Services Agreement Integrated Property Tax and Form

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foreign [Music] taxes property tax bills usually come out in October of each year and owners have until January 31st of the following year to pay the tax bill if a sale takes place prior to October the title company must prorate taxes based on an estimated amount which is typically based on last year's taxes in this situation the seller gives a credit to the buyer for the estimated taxes that the seller owes for their period of ownership during the current year this is because the buyer will end up getting the tax bill in October and they will have to pay the full amount at that time while the title company may be able to help ascertain facts that getting more accurate estimate such as noticing that an over 55 over 65 and homestead exemption from the prior year are likely to be removed from the current year or that last year's value was based on an unimproved lot and now there's a house on the property the ultimate proration amount will still be an estimate if c

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