Who is responsible for the taxes if a property is sold after January 1?
Although the tax bill will bear the name of the assessed owner as of January 1, the new owner is responsible for all taxes once the sale of the property is finalized. The amount of tax owed by the old owner is determined at the time of closing and is typically deducted from the selling price. Once this deduction is made, the new owner must pay all bills, as they become due in order to avoid collection actions, including foreclosure. The lawyers assisting each party should already have investigated any outstanding taxes and obtained a Municipal Lien Certificate. Once the agreement is made, the new owner is obligated to pay any outstanding taxes due on the property.

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1. How are values determined?
2. What is an abatement?
3. What are the requirements for an abatement of real property taxes?
4. What are the procedures for filing for an abatement?
5. What is classification?
6. What are the classes of property?
7. What should I do if I recently sold my property, but I am still receiving a tax bill?
8. Who is responsible for the taxes if a property is sold after January 1?
9. How do I change my tax bill mailing address?
10. How can I change the tax bill to my name after purchasing a parcel of property?