Who pays the property taxes for the year I buy?

Question

Accepted Answer

They are prorated at closing. The seller LLC covers the part of the year before your closing date, and you cover the part from closing day onward; the split appears on the closing statement the title company gives you. From then on you pay the county directly every year, like any other landowner in Texas, on the value the county assigns to the tract. The county sends the bill to you, since from closing day the land is recorded in your name; ask us for the most recent bill of the tract you are considering.