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

1. Sellers = preclosing
2. Buyers = postclosing

• Negotiated terms control
• Property taxes generally prorated based upon the number of days

TO READ MORE, CLICK THE PDF ICON BELOW: