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.

Florida Property Tax Proration at Closing January 1 Assumption

In Florida, property taxes are prorated at closing based on the statutory assumption that taxes are due and payable on January 1, with the seller responsible for the portion of the year before closing and the buyer responsible for the remainder. The governing statutes, Fla. Stat. § 197.333 and § 197.162, establish that the tax proration calculation uses a verified figure of 0% for the non-ad valorem assessment portion. The exact formula and any applicable exceptions are detailed in the official source. The worked example below demonstrates how this rule applies in practice. Use the DocketMath calculator to estimate your own specific proration result.

Governing authority

In Florida, the closing date prorations rule is set by Fla. Stat. § 197.333; § 197.162. The verified packet cites Fla. Stat. § 197.333; § 197.162 (https://venturetitleservices.com/property-tax-proration-florida/).

Florida closing date prorations: the verified value is 0% under Fla. Stat. § 197.333; § 197.162. The verified packet cites Fla. Stat. § 197.333; § 197.162 (https://venturetitleservices.com/property-tax-proration-florida/).

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.