Georgia bills property tax in arrears, so at closing the seller credits the buyer — not the other way round.
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Georgia property taxes are billed in arrears — the bill that arrives in the autumn covers the year that is nearly over. So when a property sells in June, the seller has had the benefit of the property for roughly half a year for which no tax has yet been paid.
At closing the seller therefore credits the buyer for their portion, and the buyer pays the full bill when it arrives. If the bill for the current year has already been paid, the proration runs the other way and the buyer reimburses the seller.
Thirteen calculators, built on the current Georgia statutes.
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