Tax Proration Calculator
This calculation tool is designed to assist you in easily estimating the real estate tax proration between the buyer and the seller on the day of closing. Indiana property taxes are paid in arrears and are due in two semi-annual installments, May 10th and November 10th of the year following the assessment date.
Disclaimer: The information is provided for informational purposes only. The information on this site is general in nature, unofficial and is not a valid reference for any legal purposes. The company and its officers, directors, agents, and employees disclaim any responsibility for any and all liabilities, losses, damage, expenses and charges, including but not limited to attorneys' fees and expenses of litigation, which may be sustained or incurred by the user under, or arising directly or indirectly out of the use of the information contained in this site.
Please note: This tax proration calculation feature is provided for informational purposes only and should not be relied on to determine actual tax prorations or amounts. Please do not rely on the results of this calculator to make financial decisions. Instead check with your closing agent or attorney for a final tax proration amount determination. The actual amounts can vary based on the terms of the purchase agreement, lender institution or other vendors associated with the settlement process. The estimates provided are from sources believed to be reliable and should not be construed as costs of the transaction; actual settlement costs will show on the HUD-1 Settlement Statement at time of closing.