Skip to main content

[Seattle, WA] Closing settlement charged prepaid property tax through the end of the year, but property tax is paid in April and October in my county.

Wanted to sanity-check before I went making a pain of myself at the closing company's office.

In Seattle (King County), property taxes are due April 30th and October 31st: https://www.kingcounty.gov/depts/finance-business-operations/treasury/property-tax.aspx

I get that when closing on a house, you don't close on one of those two dates, so you are responsible for paying the seller back for the part of the tax between the closing date and the tax-due date.

We closed on 10/4/2019, so the sellers had already paid tax through 10/31, but on my closing documents we paid property tax of $2,759.33 through the end of the year, 12/31. (Tax per half is about $5,500.) Shouldn't I have only paid the portion from 10/4 to 10/31, or about $880? (After we closed, I paid another $5,500 directly to the county for the October-April cycle.)

Charge listed on my closing documents: https://i.imgur.com/ZBXkLg9.png

Thanks for looking!

submitted by /u/SethKinast
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/fa8mqa/seattle_wa_closing_settlement_charged_prepaid/

Comments

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/

Making offers on houses not listed for sale.

I want to buy a home for retirement. I am looking at lots of options, mostly focusing on the locations that appeal to me. I see lots of Zillow estimates of homes that look like great deals to me. Are these estimates accurate, even though similar houses in the same area that are for sale are usually priced much higher? If so, is it realistic for me to try to make offers to owners that do not have their homes listed? Would a realtor even consider helping me do this? Or, do these values indicate that the houses listed for sale are overpriced, and I should just lowball until someone accepts? Are houses today tending to sell far below list prices, or ??? submitted by /u/chewybrian [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1o4mcon/making_offers_on_houses_not_listed_for_sale/