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 Pennsylvania

In Pennsylvania, closing date prorations for real estate taxes are governed by the statutory framework at 72 P.S. § 5020-1 et seq., which establishes a uniform method for allocating tax responsibility between buyer and seller. Under this rule, taxes are prorated based on the calendar year, with the seller responsible for the portion of the year before closing and the buyer for the remainder. The official source from the Pennsylvania Association of Realtors details the precise calculation, including the verified 0% figure referenced in the statute. The worked example below illustrates how the formula applies to a typical transaction. To estimate a specific proration amount, use the DocketMath calculator with the property’s exact tax and closing date.

Governing authority

In Pennsylvania, the closing date prorations rule is set by 72 P.S. § 5020-1 et seq.. The verified packet cites 72 P.S. § 5020-1 et seq. (https://www.parealtors.org/blog/straighten-up-and-tax-right/).

Pennsylvania closing date prorations: the verified value is 0% under 72 P.S. § 5020-1 et seq.. The verified packet cites 72 P.S. § 5020-1 et seq. (https://www.parealtors.org/blog/straighten-up-and-tax-right/).

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.