Real Estate in Cape Coral, Florida

Markus Hartwich, P.A., Realtor®

GRI (Graduate of Realtor Institute)
ACCRS (Accredited Cape Coral Residential Specialist)
RNCS (Residential New Construction Specialist)


Example of a proration of property taxes


Property tax of the lot or home for the year:


Closing date:

April 30th

Number of days seller owned property (Jan1-April 30)

120 days

Calculation based on 360 days per year: 2760:360x120

Seller's prorated amount of the property tax:


$   920.00


The Seller is debited with the amount while the Buyer receives a tax proration credit on the Settlement Statement at closing in the amount of $920.00. At the end of the year the buyer has to pay the full year tax. This way he effectively only paid the difference of $1,840.00 for the 8 months he owned it starting May 1st.