Real Estate Tax Proration Calculator: Split Taxes Fairly at Closing
Use our Real Estate Tax Proration Calculator to accurately divide annual property taxes between buyer and seller based on the closing date.
"Proration ensures fairness — no one pays for time they don’t own." —
Real Estate Closing Pro
How the Real Estate Tax Proration Calculator Works
Our Property Tax Proration Calculator uses standard formulas:
- Daily Rate: Annual Taxes ÷ 365 (or 360)
- Seller Days: From tax year start to closing
- Seller Credit: Daily Rate × Seller Days
- Buyer Responsibility: Remainder
Key Outputs from the Proration of Taxes Calculator
- Seller Credit to Buyer
- Buyer Credit to Seller
- Daily Tax Rate
- Days Each Party Owns
Why Use This Prorated Tax Calculator?
- 365/360/fiscal methods
- Date picker inputs
- Realistic ranges
- HUD-1/ALTA compliant
- Mobile-optimized
Real Property Tax Proration Calculator Examples
- $4,800 taxes, June 15 close (calendar): Seller owes $2, aging 389 → $2,411 credit to buyer
- $12,000 taxes, March 1 close (360-day): Seller owes 59 days → $1,967 credit
- Fiscal year (July 1–June 30): Adjust start/end dates
Get Started with the Real Estate Tax Proration Calculator
- Enter Annual Taxes
- Select Closing Date
- Set Tax Year Period
- Choose Proration Method
- Get Instant Credit Amount
Prorate Taxes Accurately Now
The Real Estate Tax Proration Calculator prevents closing disputes. Start now.
Use Real Estate Tax Proration Calculator