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Prorated Property Tax Calculator
Split the annual tax bill between buyer and seller by closing date.
Your numbers
Day of closing belongs to
Seller's prorated share — credited to the buyer at closing
$4,060.21
Tax year Thu, Jan 1, 2026 to Fri, Jan 1, 2027
- Daily tax$12.81
- Days owned by seller317
- Days owned by buyer48
- Seller's share$4,060.21
- Buyer's share$614.79
- Annual tax
- $4,675
- Per day
- $12.81
- Seller days
- 317
- Buyer days
- 48
Proration conventions — 365-day versus actual, and who owns the closing day — vary by state and by contract. Check the purchase agreement.
Seller's share$4,060.21
FAQ’s
Frequently Asked Questions
How proration works
- By the day
- The annual bill is divided by the days in the tax year, and each party pays for the days they owned the property.
- Tax year matters
- A July 1 fiscal year and a calendar year put the same closing date at very different points in the year.
- Settled at closing
- If taxes are unpaid the seller credits the buyer; if the seller paid ahead the buyer reimburses them.
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