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TAX REPRORATION AGREEMENT Contract Date: Closing Date: Property: Sellers: Buyers: The undersigned, being parties to the above referenced real estate contract, do hereby enter into the following TAX.

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How to fill out the Reproration online

This guide provides clear and concise instructions for users looking to complete the Reproration agreement online. By following these steps, you can ensure that the document is filled out accurately and efficiently, facilitating the necessary tax adjustments for your real estate transaction.

Follow the steps to complete the Reproration agreement online:

  1. Click ‘Get Form’ button to obtain the Reproration agreement and open it in your preferred document editor.
  2. Enter the contract date in the designated field. This should reflect the date when the original real estate contract was made.
  3. Fill in the closing date, which indicates when the transaction will be finalized.
  4. Provide detailed information about the property involved in the transaction, including the address and any relevant identification numbers.
  5. List the names of the sellers and buyers in their respective fields, ensuring accurate and complete names are provided.
  6. Review the sections addressing the prorating of real estate taxes. Enter the appropriate tax items based on the most recent ascertainable tax bill.
  7. Complete the statements that clarify the responsibilities of the buyer and seller regarding tax notices and potential credits. Ensure accuracy when specifying tax amounts and deadlines.
  8. Check the section regarding written notice requirements to ensure all parties are informed properly. Insert contact information for both parties' attorneys, if necessary.
  9. Finally, fill in the amounts for tax credits given to the buyer at closing and any amounts held in escrow pending reproration.
  10. Once all fields are complete, review the document for accuracy before saving your changes, downloading, printing, or sharing the completed form.

Start filling out your Reproration agreement online today to ensure a smooth real estate transaction.

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Related links form

IRS 943-A 2017 IRS 943-A 2015 IRS 943-A 2013 IRS 943-A 2011

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To prorate is to divide something in a proportional way, based on time. If your new landlord prorates your first month's rent, she only charges you for the days you've actually lived in your apartment.

Proration is defined as the act of dividing property taxes, interest, insurance premiums, rental income, etc., between buyer and seller proportionately to time of use or the date of closing.

Unlike sales taxes or documentary transfer taxes which are usually calculated and payable on a one-time, single transaction basis, property taxes can be divided. This process of dividing the tax burden is known as proration.

In accounting and finance, prorated means adjusted for a specific time period. For example, if an employee is due a salary of $80,000 per year, and they join the company on July 1, their prorated salary for that year would be $40,000.

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© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Your Privacy Choices
Terms of Service
Privacy Notice
Legal Hub
Content Takedown Policy
Bug Bounty Program
About Us
Help Portal
Legal Resources
Blog
Affiliates
Contact Us
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
altaFlow
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2026
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232