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Updated about 2 years ago,

User Stats

163
Posts
57
Votes
Steven Barr
  • Atlanta, GA
57
Votes |
163
Posts

How do you handle paying property taxes on flips?

Steven Barr
  • Atlanta, GA
Posted

Hi BP - 

I am closing tomorrow on a property that I recently flipped. I purchased it in July. So total hold time was from July thru November. 

I just got a bill from the county for the property taxes ($713.82) 

I went online to pay, and saw the $713.82 bill amount was for the entire year of 2022. 

Am I stuck with the whole year's worth of property taxes even having owned it for only 5 months??? Or is it like insurance where you pay for 6 months of premium, and then they will send you a check if you don't end up needing coverage for the whole 6 months?

Thanks!

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