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 New York

In New York, closing date prorations for property taxes are calculated based on a statutory 0% rule, meaning the seller is responsible for all taxes due for the entire tax period in which the closing occurs. This rule derives from N.Y. Real Prop. Tax Law § 922 and NYC Admin Code § 11-224, which establish that the seller remains liable for the full tax year’s levy unless the parties agree otherwise in the contract. The official source at tax.ny.gov provides the exact calculation method, which the DocketMath calculator applies automatically using the closing date and local tax calendar. The worked example below demonstrates the proration under this zero-percent allocation. To estimate a specific result, use the calculator.

Governing authority

In New York, the closing date prorations rule is set by N.Y. Real Prop. Tax Law § 922; NYC Admin Code § 11-224. The verified packet cites N.Y. Real Prop. Tax Law § 922; NYC Admin Code § 11-224 (https://www.tax.ny.gov/pit/property/learn/proptaxcal.htm).

New York closing date prorations: the verified value is 0% under N.Y. Real Prop. Tax Law § 922; NYC Admin Code § 11-224. The verified packet cites N.Y. Real Prop. Tax Law § 922; NYC Admin Code § 11-224 (https://www.tax.ny.gov/pit/property/learn/proptaxcal.htm).

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.