Property Tax Proration Calculator
Who owes what at closing.
Enter your values
ⓘ Live results
Results
- Seller's share
- $3,329.32
- Buyer's share
- $2,870.68
- Daily tax rate
- $16.99
- Settlement adjustment
- Seller credits buyer $229.32
- Days seller owned
- 196 of 365
- Monthly escrow needed by the buyer
- $516.67
Quick answer
Property tax is prorated by days of ownership: the seller owes tax from the start of the period to the closing date, the buyer from closing onward.
Seller share = annual tax ÷ 365 × days owned
How to use the Property Tax Proration Calculator
- 1Enter the full annual property tax bill.
- 2Count the days from the start of the tax year to the closing date.
- 3Enter any tax the seller has already paid for the period.
Worked example
Using the values the calculator loads with:
Inputs
- Annual property tax6200 $
- Days from the start of the tax year to closing196 days
- Tax already paid by the seller3100 $
Results
- Seller's share$3,329.32
- Buyer's share$2,870.68
- Daily tax rate$16.99
- Settlement adjustmentSeller credits buyer $229.32
- Days seller owned196 of 365
- Monthly escrow needed by the buyer$516.67
Frequently asked questions
Is tax paid in arrears or advance?
It varies by jurisdiction. In arrears the seller usually credits the buyer; in advance the buyer reimburses the seller for the unused portion.
Who handles the calculation?
The closing agent prepares it on the settlement statement, but running it yourself first catches errors before you sign.
About this calculator
- Built and reviewed by James Whitfield · How we build and test calculators
- Report an error
Results are estimates for general information. For medical, legal, structural or financial decisions, confirm with a qualified professional.