Prorated Property Taxes Calculator

Calculate how property taxes are split between buyer and seller at closing.

Tax Information

Annual Property Tax ($)

Taxes Already Paid ($)

Who Typically Pays Taxes?

Closing Date

Fiscal Year Starts

Proration Method

$16.44/day

Based on 365-day year

Closing DateJun 15, 2024

Fiscal Year StartJan 1, 2024

Seller Days Owned167 days

Buyer Days Remaining198 days

Seller's Portion$2,745.205

Buyer's Portion$3,254.795

Debit-$2,745.205

Monthly$500

Quarterly$1,500

Annual$6,000