Chicago Real Estate Agent: What does tax proration mean for chicago buyers and sellers?

March 17, 2016 172 No Comments


What is a tax proration? Today, Kevin Mitrick, an attorney with Spain, Spain, & Varnet P.C., joins me to answer that question. Kevin handles real estate law for both buyers and sellers. In our area, taxes are billed bi-annually and based off the previous year. When a real estate transaction closes, there will be some taxes that have not been paid yet. That’s where the tax proration comes in. To learn more, watch this short video!

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Anant Deoras
BHHS koenigRubloff Realty Group
Chicago, Illinois
(312) 268-2787

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