Whether you are buying or selling, property tax proration should be considered on both sides of all real estate transactions. While it is imperative to understand, we find that explanations of the this concept can become convoluted! This article is the best simplification that we’ve seen.

This content is not the product of the National Association of REALTORS®, and may not reflect NAR's viewpoint or position on these topics and NAR does not verify the accuracy of the content.