Quote:
Originally Posted by retiredguy123
I don't see where they made an error. The taxes can only be estimated at the closing, and either the buyer or the seller needs to pay additional taxes when the tax bill is generated. In June 2020, the projected tax bill had not been prepared by the county, so the title company had to estimate the taxes due by each party. This is the normal way to do it.
|
Because the seller was only in this house a short time, in 2019 he basically was given a lesser tax bill based on his sellers homestead tax bill. The Lake County tax collector explained it to me and basically said the Title company really need to check and can plug things into the county tax website for the accurate number rather than rely on the previous years. The county had already removed the homestead for this house because it wasn't carrying over from 2019 since the house was sold in 2019 to my seller. So right there the estimate the title company gave based on the 2019 bill was going to be $50000 less rather than more and the house only increased about 15000. Yes, the title company did me wrong, they asked the seller for $590. I should not have to pay my sellers tax bill no matter how nice a deal I felt I received. Actually, after seeing many Jasmines under $300000, maybe I didn't get such a great deal afterall. Thanks for all the comments. And I've always been aware of the expected tax bills. I also own a home in Broward County. I guess I didn't realized I pay Lake county, The Villages, plus Fruitland Park. yikes.