Cash on Cash Return Calculation

[Jason Small]

Hi fellow REI's, I don't know why it seems difficult to find clarity on this question. But when calculating CoC return, would I include the taxes paid as part of my cash to close? If so, doesn't that skew the CoC calculation depending on the time of year I buy the property since buying it at certain parts of the year creates a larger payment to escrow the taxes? Thanks in advance for setting me straight here.