Property tax information. You must send us all assessments, bills and other notices about the property taxes as soon as you receive them. If we ask, you must have the body to which the taxes are payable send them to us.
Property tax information. The parties hereto acknowledge that the property taxes, local improvement district assessments and other assessments may not be segregated by the Close of Escrow. If a separate tax account has been created and a separate tax bill has been issued for the Unit prior to the Close of Escrow, then Escrow Holder shall prorate all taxes and assessments based on the most-recent tax bill for the Unit. If a separate tax account and a separate tax bill for the Unit have not been issued prior to the Close of Escrow, then Escrow Holder shall prorate all taxes and assessments based upon Seller's determination, on an equitable basis, of the amount of taxes and assessments applicable to the Property for the then-current tax year, which Seller shall submit to Escrow Holder in writing prior to the Close of Escrow. All prorations and adjustments are to be made on the basis of a thirty (30) day month. Buyer acknowledges that a separate tax account and a separate tax bill for the Unit may not be issued for some time after Close of Escrow. Xxxxx agrees that, until a separate tax account is created for the Unit, and tax bills for the Unit are sent to Buyer, post-closing tax bills for the Unit and Condominium will be sent to the Association, and that all items attributable to the Unit will be assessed by the Association against the Buyer’s Unit as a supplemental special assessment. Buyer and Seller will cooperate with each other after the Close of Escrow if any post-closing adjustments are required to be made to the tax prorations.
Property tax information. A copy of the current property tax statement showing all parcel tax identification numbers assigned to the Project (i.e. county, city, and school), the approximate dates tax statements are issued and the date taxes would become delinquent if not paid should be provided to the construction lender.
