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Updated about 2 years ago,
How do you handle paying property taxes on flips?
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!