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1 posted on 12/07/2015 4:00:33 PM PST by Perdogg
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To: sleepy_hollow; Mad Dawg; EDINVA; JPG; Hawthorn; Paisan; ConservativeOrBust; VA_Gentleman; ...

ping


2 posted on 12/07/2015 4:01:06 PM PST by Perdogg (I'm on a no Carb diet- NO Christie Ayotte Romney or Bush - stay outta da Bushesh)
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To: Perdogg

Hate to break it to you, but Marylander communists now run Fairfax County.


3 posted on 12/07/2015 4:02:20 PM PST by Hoodat (Article 4, Section 4)
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To: Perdogg

The property accres taxes whether it is lived in or not. If the property is in your name then you must pay the taxes. They will start collections procedures if you do not pay. If the property was in your name you do owe those taxes.


5 posted on 12/07/2015 4:04:26 PM PST by Gen.Blather
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To: Perdogg
When I inherited this house, I paid for the whole year, and at the non-homestead rate.

The county bent me over and abused me that year. The next year was much more reasonable.

/johnny

7 posted on 12/07/2015 4:06:24 PM PST by JRandomFreeper (gone Galt)
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To: Perdogg

I think you owe it. You pay taxes in arrears. When you bought the house, the previous owners paid you for their share of taxes used (accrued). Now, you pay the whole amount, including the time you didn’t live there.


8 posted on 12/07/2015 4:07:22 PM PST by Bartholomew Roberts
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To: Perdogg

Check your closing statement to see if you were given a credit from buyer.


9 posted on 12/07/2015 4:07:37 PM PST by Raycpa
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To: Perdogg

Off topic = I have been to the National Firearms Museum in Fairfax. Nice town.


11 posted on 12/07/2015 4:09:00 PM PST by South40 (Ted Cruz = the only conservative in the race)
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To: Perdogg

I left Northern Virginia 5 years ago and never looked back. Yes my current salary isn’t what it used to be....but instead of a 1/4 acre I have 140 and a fraction of the taxes!


13 posted on 12/07/2015 4:09:33 PM PST by chalkfarmer
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To: Perdogg
You shouldn't be liable for taxes prior to closing, unless that was part of your purchase agreement with the seller. Here's a Fairfax County property tax FAQ.
14 posted on 12/07/2015 4:11:52 PM PST by Interesting Times (WinterSoldier.com. SwiftVets.com. ToSetTheRecordStraight.com.)
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To: Perdogg

You pay into the escrow in advance of the tax bill. You lived there 1/2 year and got a 1/2 year tax bill.


16 posted on 12/07/2015 4:13:29 PM PST by Bulwinkle (Alec, a.k.a. Daffy Duck)
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To: Perdogg
Check the detail Hud statement not the summary one.
The seller credits you at close for that period.
Call the closing agent ( title company ) and have them break it out for you.
If you have homestead make sure its down quickly.
19 posted on 12/07/2015 4:15:40 PM PST by ncalburt ( Amnesty-media out in full force the)
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To: Perdogg

My settlement papers were handy.
I received a credit off the price for property taxes up to the date of sale.
In Virginia.


22 posted on 12/07/2015 4:22:28 PM PST by mrsmith (Dumb sluts: Lifeblood of the Media, Backbone of the Democrat/RINO Party!)
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To: Perdogg

Taxes are generally included in your mortgage escrow if you have a loan. There is also a pro rata charge for taxes in your HUD statement that was paid by previous owner. Check with our lender, realtor to make sure that you have no tax obligations, they should have been included in the settlement.


23 posted on 12/07/2015 4:22:37 PM PST by databoss
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To: Perdogg

Lots of good info in this thread. Key takeaways are that, in a vast majority of jurisdictions, the tax liability accrues to the property, not the owner. The owner of record as of the lien date will get the bill. In most cases, though, it’s negotiated out and taken care of during the closing process. A call to your realtor, followed by a call to the taxing jurisdiction, is the way to go.


29 posted on 12/07/2015 4:48:11 PM PST by HoosierDammit ("When that big rock n' roll clock strikes 12, I will be buried with my Tele on! Bruce Springsteen)
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To: Perdogg

Talk to the company that handled your settlement

As part of closing costs they should have assessed you a half years taxes, or a pro rated share of annual taxes for the time you owned the home, and passed this along as a credit to the buyer

Then the buyer would pay the property tax bill for the year


30 posted on 12/07/2015 4:49:31 PM PST by silverleaf (Age takes a toll: Please have exact change)
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To: Perdogg

When you close on a house the closing attorney collects so many months of taxes from the seller and gives it to the buyer at closing and then when the tax bill comes due the buyer pays the whole bill.


34 posted on 12/07/2015 5:15:28 PM PST by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Perdogg

Make an appointment with the place that did the closing, take along your paperwork, and they will explain it to you. And, you may want to file an amended tax return if you didn’t fully claim all property taxes that you could have. This isn’t rocket science and easily understood.


50 posted on 12/07/2015 11:22:08 PM PST by Skybird
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To: Perdogg

Municipalities will do anything and everything to tax you as much as they can get away with in order to keep their gravy train rolling. It is absolutely disgusting.


52 posted on 12/08/2015 2:07:00 AM PST by AdaGray
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To: Perdogg
It all depends on what the local agencies consider what the time period for the taxes actually is; whether you are paying for the past year, the current year or the next year.

In my case, it was all three. When we bought the property, taxes were assessed after you lived in the house. On Jan 1, we were given a bill for the taxes for the previous year. If you bought a house during the year, you owed taxes for the portion of the year that you owned it. You didn't owe any taxes at closing.

Then the governments went to twice a year billing. In the process they slipped the timing to the mid year date that the partial taxes were due. A while later, they slipped the date, again, so now we pay taxes for the year ahead of the time we will live in the house. This, of course allowed them to collect an extra year's taxes without any public outcry.

So, now we pay in advance. If you buy a house mid-year, you have to pay the seller back for the taxes he paid previously, and you also owe next year's taxes on January 1 (or so). Depending on what your local agencies do, you could be in any, or all of the above conditions. When I say "local agencies", there are school operating budgets, school capital budgets, county taxes, township taxes, etc. They can all have different time periods. You pretty much have to trust your title agency to keep it all straight. Your title insurance should cover you for any mistakes, though, if you owe money, you will have to pay it in spite of having title insurance.

53 posted on 12/08/2015 5:02:02 AM PST by norwaypinesavage (The Stone Age did not end because we ran out of stones)
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To: Perdogg

Am taking an on-line course right now to get my VA real estate license and this bloody situation is part of the course...
From what I have learned (if I have it right which is questionable), you are right! The previous owner pays the taxes for the first part of the year while they occupied the house. You are responsible for taxes after you occupied the house. Taxes are paid in arrears (a year behind) so the closing company should have made sure the sellers forked over the $ for the up coming tax bill. I’d contact the closing company which got big $$$ to conduct the transaction properly and let them know about this tax bill you got...good luck.


54 posted on 12/08/2015 6:02:17 AM PST by matginzac
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