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I wanted to talk today about pro-rating your taxes. How that works, especially when you have a lot and it’s turned into a new construction house. How do we figure out where the title company figures out how to pro-rate your taxes. For instance, we have a closing April 1st. It was a lot last year, turned into a new home. This year we don’t know what the taxes are going to be because we’re taxing on a new home. What the title company has figured out along with attorneys is that we should estimate that the taxes on the house will be about 80% of assessed value, of what the property value is. If you want to check with us, you have a lot, you want to put a house on and you want to pro-rate and you want to find out what that rate might be, give us a call. Thanks. Have a great day.

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