U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Florida
Please register to participate in our discussions with 1.5 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Old 03-19-2011, 01:31 PM
Location: Boca Raton, FL
704 posts, read 1,216,247 times
Reputation: 338


Basically, does the seller receive a credit or a debit on their HUD when selling?
Reply With Quote Quick reply to this message

Old 03-19-2011, 03:42 PM
Location: Lake Mary, Florida
793 posts, read 1,618,076 times
Reputation: 255
The tax year runs from January 1st to December 31st. In Florida, property taxes are paid in arrears. The tax roll is certified by the Property Appraiser in October.

If closing is Monday 3/21/20011 with the day of closing being charged to the Buyer the Seller is debited for 79 days and this becomes a credit to the Buyer.

Remember taxes for the year have not been paid and the Seller occupied the property the property 31 days in January, 28 days in February and 20 days in March so they owe the buyer.

Hope this helps,
Reply With Quote Quick reply to this message
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply

Loading data...
Based on 2000-2013 data
Loading data...

Hide US histogram

Over $99,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Florida

All times are GMT -6.

2005-2015, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28 - Top