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TAX PRORATION AND ESCROW AGREEMENTCLOSING DATE: PROPERTY ADDRESS: SELLER: PURCHASER: Purchaser and Seller hereby agree that the proration of the general real estate taxes on the property shall be
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The TAX PRORATION AND ESCROW is a Word document needed to be submitted to the specific address to provide certain information. It must be completed and signed, which may be done in hard copy, or with the help of a particular solution e. g. PDFfiller. This tool helps to fill out any PDF or Word document right in the web, customize it depending on your needs and put a legally-binding e-signature. Right away after completion, user can easily send the TAX PRORATION AND ESCROW to the appropriate person, or multiple ones via email or fax. The editable template is printable too thanks to PDFfiller feature and options presented for printing out adjustment. In both digital and in hard copy, your form will have a neat and professional look. Also you can turn it into a template for later, there's no need to create a new document from the beginning. You need just to customize the ready sample.

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Tax proration and escrow is a process where property taxes are divided between the buyer and seller based on the time each party owned the property during a tax year. Escrow is a fund set up by a mortgage lender to ensure that property taxes and insurance are paid on time.
Buyers and sellers of real estate are required to file tax proration and escrow as part of the closing process.
Tax proration and escrow are typically filled out by the closing agent or real estate attorney involved in the transaction. They will calculate the prorated amount of taxes owed by each party and ensure that the escrow account is set up correctly.
The purpose of tax proration and escrow is to ensure that property taxes are paid on time and fairly distributed between the buyer and seller.
Information such as the property address, sale price, closing date, and prorated tax amounts must be reported on tax proration and escrow forms.
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