See how Florida property taxes are split between buyer and seller at closing.
Florida property taxes are paid in arrears, so the seller credits the buyer for the days they owned the home this year (annual taxes ÷ 365 × days owned). Estimate for planning only — your settlement statement uses the exact tax bill and closing date. Questions? Call Divito Real Estate Group at (833) 334-8486.
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Florida property taxes are paid in arrears, so at closing they're divided between buyer and seller based on the closing date. The seller typically credits the buyer for the portion of the year they owned the home, since the buyer will pay the full bill later. This calculator estimates that proration credit so both sides know the number.
It's a small line item that surprises people who don't expect it. Understanding it helps buyers and sellers check their closing statement and avoid confusion on closing day.
Enter the annual tax amount and closing date, and we split the taxes between buyer and seller so you can see the credit that appears on the settlement statement.
Because Florida taxes are billed in arrears. The seller credits the buyer for the days the seller owned the home during the tax year.
They're prorated — the seller covers their share up to the closing date via a credit, and the buyer pays the actual bill when it comes due.
Not directly — proration is a one-time closing adjustment. Your ongoing taxes are escrowed in your monthly payment if you have a mortgage.
General information for Florida home buyers and sellers, not legal, tax, or lending advice. Figures are planning estimates; your final numbers come from your lender, title company, and closing agent.
The numbers are the start — a local Divito Real Estate Group agent turns them into a plan across South Florida and the Treasure Coast.