Common use of TAXES/PRORATIONS Clause in Contracts

TAXES/PRORATIONS. The general real estate taxes for 2018 and all prior years shall be paid by Seller at or prior to closing. The general real estate taxes for 2019 shall be prorated to and including the date of Closing based on 100% of the most recent ascertainable full year tax xxxx. All general real estate tax prorations shall be final as of Closing. If the amount of the most recent ascertainable full year tax xxxx reflects a homeowner, senior citizen, disabled veteran or other exemption, a senior freeze or senior deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the appropriate governmental entity, before or after Closing, to preserve said exemption(s). The proration shall not include exemptions to which the Seller is not lawfully entitled.

Appears in 4 contracts

Samples: Contract for Purchase and Sale, Contract for Purchase and Sale, Contract for Purchase and Sale

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TAXES/PRORATIONS. The general real estate taxes for 2018 and all prior years shall be paid by Seller at or prior to closing. The general real estate taxes for 2019 shall be prorated to and including the date of Closing based on 100% of the most recent ascertainable full year tax xxxxbill. All general real estate tax prorations shall be final as of Closing. If the amount of the most recent ascertainable full year tax xxxx bill reflects a homeowner, senior citizen, disabled veteran or other exemption, a senior freeze or senior deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the appropriate governmental entity, before or after Closing, to preserve said exemption(s). The proration shall not include exemptions to which the Seller is not lawfully entitled.

Appears in 2 contracts

Samples: Contract for Purchase and Sale, Contract for Purchase and Sale

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TAXES/PRORATIONS. The general real estate taxes for 2018 and all prior years shall be paid by Seller at or prior to closing. The general real estate taxes for 2019 shall be prorated to and including the date of Closing based on 100% of the most recent ascertainable full year assessment times the last available tax xxxxrate. All general real estate tax prorations shall be final as of Closing. If the amount of the most recent ascertainable full year tax xxxx reflects a homeowner, senior citizen, disabled veteran or other exemption, a senior freeze or senior deferral, then Seller has submitted or will submit in a timely manner all necessary documentation to the appropriate governmental entity, before or after Closing, to preserve said exemption(s). The proration shall not include exemptions to which the Seller is not lawfully entitled.

Appears in 1 contract

Samples: Contract for Purchase and Sale

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