The buyer is responsible for that part of each tax from the closing date The buyer is not responsible for any part of the real estate tax between the levy date and the date of Which runs from the date of closing through and including the last day of the twelve months period following the Levy date to and including the day before closing and 2) a time period during which the buyer has possession, which With two time periods for each levy: 1) A time period during which the seller had possession, which runs from the Prorations must be made under this section The taxes are to be consideredĪs being levied for a twelve month period beginning from the levy date. Occur for any taxes levied within the twelve months preceding the closing date. If a levy occurs pursuant to the statute, there is an assumption that a proration must The buyer must pay all future tax levies (and any taxes that might actually be levied on Though paid in advance with the seller being responsible for all tax levies made prior to, but not including, A quote from the act follows later, but basically, taxes are prorated as How to prorate taxes at a closing when no proration agreement exists between the buyer and seller. 211.2 et seq) provides specific instructions on Michigan's Property Tax Act, (Act 206, 1893 M.C.L.A buyer and seller may agree (create a contract) to prorate taxes in any way they'd like if such an.So, what follows are the instruction I would provide to those involved in such In some cases buyers and sellers even agree to no tax proration.ĭuring my tenure in an assessor's office, we were called on from time-to-time to settle tax They are commonly prorated as: part in advanceĪnd part in arrears. They are commonly prorated as 'paid in arrears'. Throughout the state, you'll discover taxes are commonly prorated as though paid in 'advance'. Ways to prorate real estate taxes which vary depending upon local custom.

Or distribute proportionately.' (The American College Dictionary,, 1960)īuyers and Sellers can agree to prorate taxes in any way they'd like. Way proration means: 'To make an arrangement on a basis of proportional distribution.

In part, this is because Michigan law is very flexible on how taxes may be prorated. Passionately as 'the' true way to prorate taxes. I guarantee you, you'll evenutally be swamped by a number of opinions, each being promoted If you want to have a fun argument, begin a discussion on prorating property taxes. Selected for 2007 Francis Moss Literary Award Michigan Assessors Magazine

Perry township mi