Property taxes are calculated on a calendar year from January 1st to December 31st. (Taxes owning up to December 31st are due and payable mid-year, at the beginning of July)
If you purchase anytime prior to the tax due date, the purchaser receives a credit for the portion of the year that they did not own the property (if you close in May, you will receive a credit from the seller for the number of dats between January 1st and the closing date of your purchase.
if a purchase completes after the taxes due date, then the purchaser will reimburse the seller for the portion of the year they will not own the property but have already paid taxes. (If you close in October the purchaser will reimburse the sellers for the number of days from closing to the end of the year.)
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Happy Clients
Awesome service – couldn’t have made the deal without Doug!
Greg and Keri Phoenix
Doug Neufeld is a very professional, approachable and knowledgeable Mortgage Specialist. he stays in contact and we appreciate that. We have given his name to others and everyone is pleased with ...
K Tokiwa
I just have to say how impressed I am with Doug Neufeld and his team!!!
I have referred him many times and will continue to use his services.
Happy Client
I just wanted to say thank you for all the hard work getting our mortgage together with all the hoops that we had to jump through. I am especially glad I didn’t have to deal with a bank! I will...
J Vandermey
I had a great experience using Doug Neufeld. I would definitely use his
services again and refer him to my family, friends and co-workers. Thanks!
