Property Tax Proration for 90 Days Seller Ownership
With $3,650 in annual property tax and 90 days of seller ownership, the seller's prorated share is $900.
How to use this tool
- Enter the full-year property tax bill.
- Enter the number of days the seller owned the home in the tax period.
- Confirm the number of days in the tax period (usually 365).
- Read the seller's share and the buyer's share.
- Take the daily rate to your title officer to confirm the local convention.
Calculate how much of the $3,650 annual property tax the seller owes when they owned the property for 90 days of the tax year.
Frequently asked questions
- How is property tax prorated at closing?
- The annual bill is divided by the days in the tax period to get a daily rate, then multiplied by each party's days of ownership. The seller pays for their days and the buyer pays for the rest, settled as a credit on the closing statement.
- Who pays property tax, buyer or seller?
- Both — each pays for the portion of the period they own the home. The exact mechanics depend on whether taxes are paid in arrears or in advance and on local custom, which determines who credits whom at closing.
- What day count is used for proration?
- Most prorations use a 365-day year and a per-day rate, but some jurisdictions use a 360-day banker's year or specific rules about counting the closing day. Confirm the convention with your title or escrow officer.