No, real estate taxes (property taxes) are not an expense of the sale. Sales expenses are listed in the seller's column of your settlement statement and include:
- Commissions
- Appraisal fees
- Broker's fees
- Legal fees
- Advertising fees
- Home inspection reports
- Title insurance
- Transfer taxes or fees
- Geological surveys
- Loan charges (points) or other fees paid on the buyer's behalf
Sales expenses do not include:
- Mortgage payoffs
- Home equity loan payoffs
- Rent-back costs
- Payoff to creditors
- Property taxes
- Homeowner association (HOA) fees