A Common Property Tax Misconception
I wanted to talk about a very common misconception when it comes to your property tax bill. If you own a home, you’ve probably received your tax bill, and in Cobb County, they’re due in October.
I commonly hear about people getting their bill and thinking they’re paying for next year's tax ahead of time, but that’s not really the case. If you get your bill in August, for example, that bill is for January 2016 through December 2016.
If you're selling your home, you're going to want to know about this. If you paid your property taxes in October and you sell the home in January, you’re still going to owe property taxes for 2017.
A lot of people get confused about this since taxes are paid in arrears, so I just wanted to clarify this if you’re thinking of buying or selling a home.
If you have any more questions about property taxes and how you’re affected when buying or selling a home, give me a call or send me an email. I’d be happy to answer them!