| |
You are here: Experts > Business > Corporate Law > Tax Law (Questions About Taxes) > property tax
Expert: John Kirk, CPA
Date: 10/2/2008
Subject: property tax
Question
Hi,
I'm about to close on my new house in two weeks. We don't have date yet, but it will probably be just after Oct. 15th. If I close after October 15th, do I still have to pay property taxes or would the current homeowner have to?
Answer
It should be settled on your closing statement. If you close after 10/15/08 and the property tax assessment date is 10/15/08 than you will probably not be allocated any of the property taxes, it depends on your local county assessor as to when taxes are due.
John Kirk, CPA
www.johnkirkcpa.com
Add to this Answer
Ask a Question
|
|
