5. Understanding NC Real Property Tax Prorations
Feb 21, 2022•15 min•Ep. 5
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Episode description
NC Real Estate Attorney Tiffany Webber and paralegal Tana Gerrity explain how NC real estate tax prorations work. Hint: it's NOT based on the fiscal year. Tana also explains how to interpret the prorations on the closing statement depending on whether the tax bill has been issued for the calendar year.
Brochure mentioned in episode: https://www.ncbar.org/wp-content/uploads/2020/06/tax-proration-brochure-2019.pdf
Statute mentioned in episode: https://www.ncleg.gov/EnactedLegislation/Statutes/PDF/BySection/Chapter_39/GS_39-60.pdf
Youtube: youtube.com/therealestatelawyer
Website: www.thomasandwebber.com
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