I bought a home in October 2017 and paid prorated property tax from October-December for 2017. The seller paid their title company the prorated taxes for the property from January-October 2017 in closing. The seller received the homestead, 65+, and disabled veteran tax exemptions which therefore waved their property tax. Am I responsible for paying the January-October 2017 property tax despite not being the owner of the property during this time?
Technically, or legally, yes - real property taxes "run with the land", so you are liable to the tax authorities. However, it appears from your information that the property taxes were incorrectly allocated at closing. Therefore, ordinarily, the title company may be liable to reimburse you, depending on the contract language of the title company agreement. You may also have a claim against the seller. I recommend you contact the title company, and be prepared to provide them a copy of the bill you received for property taxes.
This information is provided for educational purposes only, and is not to be relied upon as legal advice. You should consult with an attorney with full disclosure of all facts and opportunity to consider all or alternative options.
I am confused. First you say the seller paid the taxes. Then you are say the seller's taxes were waived for Jan - Oct 2017. I believe the exemptions get prorated so there shouldn't be any tax owed during the time the previous owner owned the property in 2017. When the title company makes prorations they are using the latest available data and the actual taxes can change.
A title company handled the closing. One of their duties is to correctly allocate the taxes. I would go back to them, if you have already paid your share. Either the title company or the seller should pay the taxes for the part of the year prior to you taking ownership.
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