In some cases buyers and sellers even agree to no tax proration.ĭuring my tenure in an assessor's office, we were called on from time-to-time to settle tax They are commonly prorated as: part in advanceĪnd part in arrears. They are commonly prorated as "paid in arrears". Throughout the state, you'll discover taxes are commonly prorated as though paid in "advance". Ways to prorate real estate taxes which vary depending upon local custom. Or distribute proportionately." (The American College Dictionary,, 1960)īuyers and Sellers can agree to prorate taxes in any way they'd like. Way proration means: "To make an arrangement on a basis of proportional distribution. In part, this is because Michigan law is very flexible on how taxes may be prorated. Passionately as "the" true way to prorate taxes. I guarantee you, you'll evenutally be swamped by a number of opinions, each being promoted If you want to have a fun argument, begin a discussion on prorating property taxes. Selected for 2007 Francis Moss Literary Award Michigan Assessors Magazine
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