Life estate and property taxes

[Ibrahim Hughes]

Hi everyone. I searched this on the site and did get some basic information on life estates.but nothing clear-cut on property taxes. So I want to make sure by asking this question. It does appear that whoever is giving the life estate is still responsible for a paying the property taxes. In other words if you purchased a property, yet gave the seller a life estate, you as the new owner are still responsible for maintenance and keeping the property taxes current. Is that a correct assessment?