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Tax Closing Costs
Property Taxes
This is the one closing cost that is often prorated between the buyer and seller. If the seller has already paid the annual property taxes, the buyer typically reimburses the seller for the period in which the buyer will be occupying the property. Likewise, if the taxes have not yet been paid, the seller typically reimburses the buyer for the period in which the seller occupied the property.
Transfer Taxes and Recording Fees
This is the cost for transferring ownership of the property and recording the purchase documents. The fee is often calculated as a percentage of the sales price.
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Areas served: Orangetown real estate, Clarkstown real estate, Nyack real estate, Ramapo real estate, Havestraw real estate, Stony Point real estate, Tapan real estate, South Nyack real estate, Upper Nyack real estate, Piermont real estate,Grandview real estate,Upper Grandview real estate,Sarkill real estate, West Nyack real estate, Blauvelt real estate, Orangeburg real estate, Palisades real estate, Pearl River real estate, Nanuet real estate, Bardonia real estate, New City real estate, Congers real estate, Valley Cottage real estate, New Hempstead real estate, Hillcrest real estate, Spring Valley real estate, Chestnut Ridge real estate, Airmont real estate, Monsey real estate, Wesley Hills real estate, Pomona real estate, Montebello real estate, Suffern real estate, Tallman real estate, Sloatsburg real estate, , Havestraw real estate, Garnerville real estate, Theills real estate, West Havestraw real estate, Stony Point real estate, Tompkins Cove real estate and lower Orange County real estate, Rockland County real estate, Orange county real estate, Rockland County MLS (Multiple Listing Service) and Orange county MLS
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