Annual Property Tax Bills are Collected in Two Installments
| 1st Installment |
2nd Installment |
| July thru December |
January thru June |
| Due: November 1st |
Due: February 1st |
| Late: December 10th |
Late: April 10th |
Jump to:
Buyer
Seller
Prepaid Impounds
Buyer
| If you close... |
Buyer will owe |
If taxes are current |
| January 1 |
6 months |
of 2nd Installment |
| February 1 |
5 months |
of 2nd Installment |
| March 1 |
4 months |
of 2nd Installment |
| April 1 |
3 months |
of 2nd Installment |
| May 1 |
2 months |
of 2nd Installment |
| June 1 |
1 month |
of 2nd Installment |
| July 1 |
6 months |
of 1st Installment |
| August 1 |
5 months |
of 1st Installment |
| September 1 |
4 months |
of 1st Installment |
| October 1 |
3 months |
of 1st Installment |
| November 1 |
2 months |
of 1st Installment |
| December 1 |
1 month |
of 1st Installment |
Seller
| If you close... |
Seller will owe |
If taxes are current |
| January 1 |
6 months |
of 1st Installment |
| February 1 |
1 month |
of 2nd Installment |
| March 1 |
2 months |
of 2nd Installment |
| April 1 |
3 months |
of 2nd Installment |
| May 1 |
4 months |
of 2nd Installment |
| June 1 |
5 months |
of 2nd Installment |
| July 1 |
6 months |
of 2nd Installment |
| August 1 |
1 month |
of 1st Installment |
| September 1 |
2 months |
of 1st Installment |
| October 1 |
3 months |
of 1st Installment |
| November 1 |
4 months |
of 1st Installment |
| December 1 |
5 months |
of 1st Installment |
Lender Required Prepaid Impounds
| Month Recorded |
1st Pmt. Due |
Est. Tax Reserve |
Status of Taxes |
| January |
March 1 |
5 months |
1st Installment paid |
| February |
April 1 |
1 month |
Both Installments pd. |
| March |
May 1 |
1 month |
Both Installments pd. |
| April |
June 1 |
2 months |
Both Installments pd. |
| May |
July 1 |
3 months |
Both Installments pd. |
| June |
August 1 |
4 months |
Both Installments pd. |
| July |
September 1 |
5 months |
Paid thru June 30 |
| August |
October 1 |
6 months |
Paid thru June 30 |
| Septiembre |
November 1 |
7 months |
Paid thru June 30 |
| October |
December 1 |
6 months |
2 mo. if 1st paid |
| November |
January 1 |
3 months |
1st Installment paid |
| December |
February 1 |
4 months |
1st Installment paid
|
