Do I have to pay the property taxes for my new home in St Petersburg at closing?

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Do I have to pay the property taxes for my new home in Treasure Island St. Petersburg at closing?
No, here in Tampabay Pinellas county property taxes are paid in arears.

 

 

You will actually get money back at closing, it is a credit from the seller to the buyer for his unpaid portion of the yearly property taxes.

 

 

You will only have to pay something if the seller for whatever strange reason has already paid the taxes till the end of the year ( he gets his bill in November)

 

 

Now if he has already “prepaid” the taxes you would owe him for a month or two.

If you have more real estate questions concerning buying or selling here in St. Petersburg, go to our local real estate website.

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