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You are closing on a home on March 1, 2021. The current owner of the home paid 2020 summer taxes in July of 2020 totaling
You are closing on a home on March 1, 2021. The current owner of the home paid 2020 summer taxes in July of 2020 totaling $2,200 and they paid 2020 winter taxes in December 2020 totaling $550. How much is owed by you back to the current owner of the home for the taxes that owner has paid? Remember, in the state of Michigan, summer taxes cover the period from July 1 of the current year through June 30 of the next year and winter taxes cover the period from December 1 of the current year through November 30 of the next year.
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