Slipper Posted April 14, 2012 Share Posted April 14, 2012 I'm (trying to) purchase a home. The property tax cut off was in October. We signed in November. They paid taxes in October. Were they paying for last year or for the upcoming year? They've asked to be reimbursed for this cost. It's not a lot, but I'm just curious about which year is paid for? Quote Link to comment Share on other sites More sharing options...
ErinD Posted April 14, 2012 Share Posted April 14, 2012 We had the same situation when we bought our house. My understanding (limited though it is!) is that you are in effect pre-paying each time and so we had to reimburse the former owners the taxes they had paid a month or two before we signed. Quote Link to comment Share on other sites More sharing options...
Slipper Posted April 14, 2012 Author Share Posted April 14, 2012 Thanks! Quote Link to comment Share on other sites More sharing options...
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