eagle32nd
Returning Member

Deductions & credits

Thanks for responding.

 

We live in Iowa, and we pay our property taxes in arrears.  When the home is sold, the seller pays the taxes up to "current" as part of the sale.  The new homeowner then gets essentially a year without paying property taxes, then they begin paying in arrears.

 

Hopefully that de-muddles it a bit.

 

Thanks again!