Tax Proration and Rollback Taxes
By: Labry Welty
The 18th Annual Robert C. Sneed Texas Land Title Institute
December 4-5, 2008
Tax Proration: Who Pays?
- Goals typically based upon economic benefit of property
- Sellers = preclosing
- Buyers = postclosing
- Negotiated terms control
- Property taxes generally prorated based upon the number of days
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