Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 2 years ago,
First year property tax on new construction home as a buyer
I'm interested in buying a new construction home in West Plaza area in Kansas City. Expected closing in May 2023. Seller won't credit me the pro-rated portion (from Jan - Apr) of tax based the sale price. Will I be responsible for paying the full year (12mth) property tax based on the sale price in Dec 2023? Any way I can get away with paying 8mth (May - Dec) based on the sale price and 4mth (Jan - Apr) on prev year's value (which was based on the land value only)?