How to Calculate Property Tax Prorations - Ask the Instructor

Help your buyers understand how property tax prorations work and how much cash they’ll get credited at closing! Property tax proration is one of the most common math questions on the Florida real estate exam, so having a solid understanding is crucial for passing the test and for helping your clients. In most real estate transactions in Florida, property taxes for the current year are unpaid at the time of closing, leaving the buyer responsible for the entire property tax bill. To ensure both the buyer and seller pay their fair share of taxes, a proration of property taxes is calculated at closing. This ensures that the seller reimburses the buyer for their portion of taxes for the time they owned the property.




Property tax proration can feel confusing, but it's an important topic to master for both your real estate exam and your future transactions as a licensed real estate professional. In this video, we’ll break down the math step-by-step and explain how proration is applied in Florida real estate deals. Knowing how to confidently calculate prorations is not only essential for exam preparation but also for building trust and credibility with your clients.




Grow your real estate business with our expert real estate mastermind videos and gain the tools you need to succeed in Florida’s real estate market. For more resources, tools, and training to enhance your real estate career, visit TampaSchoolofRealEstate.com or give us a call at (813) 928-0106. Don’t forget to subscribe for more tips on passing your real estate exam and becoming a top-performing agent! #FloridaRealEstateExam #PropertyTaxProration #RealEstateMath