This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Closing Date Prorations in California

In California, closing date prorations for property taxes are calculated using a 0% buyer credit for the remainder of the tax year when the seller has already paid the full annual tax bill. This rule is governed by Cal. Rev. & Tax. Code § 2605 et seq. and CAR RPA Paragraph 20, which establishes that the seller is entitled to reimbursement from the buyer for the portion of the tax year after closing. The specific method for computing the daily proration is set out in the official source. The worked example below demonstrates the calculation. Use the DocketMath calculator to estimate your own closing date prorations.

Governing authority

In California, the closing date prorations rule is set by Cal. Rev. & Tax. Code § 2605 et seq.; CAR RPA Paragraph 20. The verified packet cites Cal. Rev. & Tax. Code § 2605 et seq.; CAR RPA Paragraph 20 (https://www.vivaescrow.com/california-property-taxes/).

California closing date prorations: the verified value is 0% under Cal. Rev. & Tax. Code § 2605 et seq.; CAR RPA Paragraph 20. The verified packet cites Cal. Rev. & Tax. Code § 2605 et seq.; CAR RPA Paragraph 20 (https://www.vivaescrow.com/california-property-taxes/).

Estimate your own result: every situation has exceptions that can change the outcome. Use the closing date prorations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.