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 Oklahoma

In Oklahoma, closing date prorations for property taxes follow the statutory rule that the seller is responsible for taxes up to the date of closing and the buyer is responsible from closing onward. Under Okla. Stat. tit. 68 § 2913, the calculation is based on a zero-percent (0%) delinquency rate for the current tax year, meaning no penalty or interest is factored into the proration unless the taxes are actually delinquent. The statute sets out the method for dividing the annual tax liability between the parties using the closing date as the dividing point. The worked example below illustrates how the proration is computed. For an estimate tailored to your specific closing date and tax amounts, use the DocketMath calculator. The official source for the complete rule is https://oklahoma.gov/tax.html.

Governing authority

In Oklahoma, the closing date prorations rule is set by Okla. Stat. tit. 68 § 2913. The verified packet cites Okla. Stat. tit. 68 § 2913 (https://oklahoma.gov/tax.html).

Oklahoma closing date prorations: the verified value is 0% under Okla. Stat. tit. 68 § 2913. The verified packet cites Okla. Stat. tit. 68 § 2913 (https://oklahoma.gov/tax.html).

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.