Prorated Property Taxes Calculator
Calculate how property taxes are split between buyer and seller at closing.
Tax Information
Closing Details
Daily Tax Rate
$16.44/day
Based on 365-day year
Tax Proration
Closing DateJun 15, 2024
Fiscal Year StartJan 1, 2024
Seller Days Owned167 days
Buyer Days Remaining198 days
Tax Responsibility
Seller's Portion$2,745.205
Buyer's Portion$3,254.795
Settlement Credits/Debits
Seller
Debit-$2,745.205
Buyer
Tax Payment Schedule
Monthly$500
Quarterly$1,500
Annual$6,000
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Editorial Note
MyCalcBuddy Editorial Team
This page is maintained as an educational calculator reference.
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Formula Source: Standard Mathematical References
by Various
🔄Last reviewed: May 2026
✓Formula checks are based on standard references and internal QA review.