FAQ: Property Taxes, Exemptions and General Information
Tis the season….for receiving and paying county and city property taxes. There’s always some confusion as to what is expected of someone who sold property during the year. As a courtesy, if this applies to you and you receive the tax bill, you should forward it to the purchaser as soon as you are able. This is particularly important if the buyer paid cash for the property. Most mortgage companies will examine the tax rolls to locate the tax bill in order to pay it from its customer’s escrow account.