How do you handle paying property taxes on flips?

[Steven Barr]

Hi BP - 

I am closing tomorrow on a property that I recently flipped. I purchased it in July. So total hold time was from July thru November. 

I just got a bill from the county for the property taxes ($713.82) 

I went online to pay, and saw the $713.82 bill amount was for the entire year of 2022. 

Am I stuck with the whole year's worth of property taxes even having owned it for only 5 months??? Or is it like insurance where you pay for 6 months of premium, and then they will send you a check if you don't end up needing coverage for the whole 6 months?

Thanks!

[Taylor Dasch]

When you closed, the title company should have prorated the tax that the sellers owed on the property through the time they were living there. So when you sell, the taxes will be prorated for the whole year since they were previously prorated