Split the year's property taxes between buyer and seller as of the closing date — and see the seller's credit to the buyer.
Florida property taxes are paid in arrears, so the seller credits the buyer for the days they owned the home this year (annual taxes ÷ 365 × days owned). Estimate for planning only — your settlement statement uses the exact tax bill and closing date. Questions? Call Atlantic Title Firm at (561) 396-2692.
“Atlantic Title made our first home purchase so smooth. They explained every document clearly and closed on time. Couldn’t recommend them more highly.”
“As a Realtor I send every single client to Atlantic Title. Their team is responsive, professional, and always closes on time. My go-to title company in Florida.”
“We did a RON closing from out of state and it was absolutely seamless. The technology was easy to use and the team walked us through every step. Exceptional.”
Because Florida property taxes are paid in arrears, the seller owes the share of the year's taxes for the days they owned the home. This property tax proration calculator divides the annual tax bill into a daily amount and multiplies by the seller's days of ownership to compute the credit the seller gives the buyer at closing.
Atlantic Title Firm calculates the exact proration on your settlement statement using the current tax figures for your parcel.
Florida taxes are paid in arrears, so the seller credits the buyer for the days the seller owned the property that year, based on the annual tax amount divided by 365.
The seller credits the buyer for their share of the year, and the buyer pays the full bill when it comes due — so each party effectively pays for the time they owned the home.
It's a close estimate. The settlement statement uses the actual current tax bill and the precise closing date.
Leave your name, phone, and email and our team will reach out — fast and friendly, no obligation.
Already have a signed contract? Send it over and we’ll open your file today.
Submit a Contract →