How to Find Property Tax Information When Closing on a House

Property taxes must be included on the settlement statement when closing on a house. These charges will be listed on the HUD-1 statement under the borrower or seller's transaction. Making sure the correct amount is on the HUD statement will protect both the buyer and seller.

Things You'll Need

• Property address
• Current owner's name
• Parcel number

Instructions

1. Get the correct address of the property from the completed purchase contract. Look for the block and parcel number of the home, also located on the contract. Use the parcel number along with the lot and block numbers to identify the property. Remember to use the current owner's name when requesting property tax information.

2. Request a copy of the tax information from your real estate professional, if using one for the purchase. Some municipalities obligate a real estate professional to supply you with a copy of tax information upon request.

3. Search online for tax information. Some county tax assessor's office's offer complete tax information online. Visit the tax assessor's office if you are unable to access the information online. Check online for the address; in some cases, the assessor's office is located inside of the county courthouse where the property is located.

4. Request a printout from the assessor's office or other source showing current taxes due on the home. The title company or attorney will need the amount to calculate the prorated portion of taxes due from the buyer and seller.

5. Check back the following tax year to make sure all taxes are paid. Since home values can change, taxes can go up or down.

Tips & Warnings

• If your taxes are paid in escrow, mail the tax notice to your mortgage company when you receive it.

References

• Los Angeles County Assessor: Message to Homeowners
• HUD: Settlement Statement