Real Estate Taxes and Special Assessments. The 2022 calendar year real estate taxes due and payable in 2023 shall be paid by Seller. Seller shall credit Buyer(s) at closing for said 2022 real estate taxes payable in 2023 based on the most recent ascertainable tax figures. Xxxxx is responsible for all subsequent real estate taxes.
Real Estate Taxes and Special Assessments. General real estate taxes shall be prorated as of Closing, with taxes assessed for the Closing Date, and for subsequent assessments for periods preceding Closing due to a change in land usage or ownership, to be paid by Purchaser. If tax bills have been issued and the actual amount of general real estate taxes for the calendar year in which Closing occurs can be precisely determined as of the Closing Date, Purchaser shall receive as a credit against the Consideration, an amount equal to Seller’s prorated portion of such real estate tax amount. If tax bills have not been issued, but the tax rate for the calendar year in which the Closing occurs ("Closing Year Tax Rate") has been established, Purchaser shall receive as a credit against the Consideration, an amount equal to Seller’s prorated portion of the product of the Closing Year Tax Rate multiplied by a value to be mutually agreed upon by Seller and Purchaser. If neither the actual taxes nor the Closing Year Tax Rate have been established as of the Closing Date, then such calculation shall be accomplished by multiplying the sum of a value to be mutually agreed upon by Seller and Purchaser by the most recent tax rate available, the prorated portion of which sum shall be credited to Purchaser against the Consideration. Purchaser shall notify Seller in writing promptly after the tax bills for the year of closing are available and the actual general real estate taxes for the year of Closing will be reprorated and the parties agree to make adjustment between them if the reproration results in any difference in the amount credited to either party at Closing. The party owing money to the other party shall promptly pay such money to the other party, together with interest thereon at the lesser of two percent (2%) over the "prime rate" (as announced from time to time in the Wall Street Journal) per annum or the maximum rate allowed by law, from the date the deficiency is determined and each party is notified if payment is not made within twenty (20) days after delivery of such notification.
Real Estate Taxes and Special Assessments. At Closing, the Purchase Price shall be adjusted as follows:
Real Estate Taxes and Special Assessments. Seller will pay, on or before the Closing Date, all special assessments levied, pending, or deferred as of the Closing Date. General real estate taxes payable in the year in which Closing occurs shall be prorated on a daily basis, as of the Closing Date. If taxes for the current year are unavailable, the parties shall use the prior year’s taxes or if it is available, a Proposed Tax Statement for the property.
Real Estate Taxes and Special Assessments. For the Closing, the real estate taxes payable in the year prior to Closing shall be paid by Seller. In the year of Closing, all real estate taxes attributable to the Property shall be prorated between the Seller and Buyer to the Closing Date and any real estate taxes for land and improvements other than the Property being conveyed to Buyer at the Closing shall be paid by Seller. All levied or pending special assessments shall be prorated to the date of the execution of this Agreement not including any transportation or area fees which are addressed separately in Section 7 (g).
Real Estate Taxes and Special Assessments. A. Seller shall pay all general real estate taxes and installments of special assessments due and payable in the year prior to the Date of Closing and in years prior thereto. Real estate taxes due and payable in and for the year of closing shall be prorated between Seller and Buyers on a calendar year basis to the actual Date of Closing;
Real Estate Taxes and Special Assessments. Seller shall pay prior to Closing any and all delinquent real estate taxes and assessments with respect to the Property. General real estate taxes and assessments payable for the fiscal year in which the Closing occurs shall be prorated as of the Closing Date.
Real Estate Taxes and Special Assessments. The Buyer and the Seller shall prorate all real property taxes, levies, and assessments as of the Closing. Upon Closing, the Buyer shall pay and discharge in a timely manner all taxes, assessments, common area maintenance fees, expenses, costs, liens, or encumbrances now or hereinafter affecting any part of the Property; until the Purchase Price is paid in full, the Buyer shall annually furnish to the Seller evidence satisfactory to the Seller of payment of the taxes and assessments, contemporaneously with their payment, and shall authorize the appropriate governmental official to deliver to the Seller at any time a written statement of the taxes and assessments against the Property.
Real Estate Taxes and Special Assessments. Real estate taxes for the Real Property payable in the year of the Closing will be prorated between Seller and Buyer based on the Closing Date. Seller shall be responsible for the payment of all special assessments that have been levied, are pending, or constitute a lien against the Property as of the Closing Date.
Real Estate Taxes and Special Assessments. General real estate taxes payable for 1996 and all prior years (including subsequent taxes and assessments for prior years due to change in land usage or ownership) shall be paid by Seller. General real estate taxes payable for 1997 shall be prorated by Seller and Purchaser as of the Closing Date. If the amount of general real estate taxes for 1997 cannot be determined on the Closing Date, Seller shall deposit with the Title Company, from the Purchase Price, an amount equal to Seller's proportionate share of the 1997 taxes based upon the most current estimate of such taxes, assuming for estimating purposes that the Property shall be fully assessed. Such deposit shall be held in escrow and all interest earnings on such deposit shall be paid to Seller. The Title Company shall retain such deposit to pay Seller's share of the actual general real estate taxes payable for 1997, paying any excess over to Seller. Seller shall pay any deficiency, when such general real estate taxes are known.
