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 Indiana

In Indiana, closing date prorations for property taxes are governed by Ind. Code § 6-1.1-22-9, which establishes a fixed statutory rate of 8% for calculating the seller’s share of taxes on the closing date. This means the seller is charged 8% of the annual tax liability for each month (or fraction thereof) they owned the property during the current tax year, prorated from January 1 through the closing date. The statute sets out the specific formula for this calculation, which the official source details. A worked example below demonstrates how the 8% monthly rate applies to a standard transaction. To estimate your own specific proration, use the DocketMath calculator.

Governing authority

In Indiana, the closing date prorations rule is set by Ind. Code § 6-1.1-22-9. The verified packet cites Ind. Code § 6-1.1-22-9 (https://iga.in.gov/laws/2026/ic/titles/6#6-1.1-22-9).

Indiana closing date prorations: the verified value is 8% under Ind. Code § 6-1.1-22-9. The verified packet cites Ind. Code § 6-1.1-22-9 (https://iga.in.gov/laws/2026/ic/titles/6#6-1.1-22-9).

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.