While the prior comments are not wrong, how is this "credit" shown exactly on your closing statement? Back in "the day" when lenders used the HUD-1 standard form for closing statements, it was easy to figure this out. But with the change to "supposedly" make things simpler, it very well may not be all that clear cut. So how is this shown on your settlement statement? Is it a HUD-1 closing statement? Or something else? I ask because the HUD-1 form can be used by the lender until their current supply is exhausted.
Basically, what the buyer paid to you for property taxes, I would expect was subtracted from your cost basis. But with the undefined settlement statements in use today, that may not be true.
