LD Law LLPToronto, ON · August 9, 2026Property Tax Adjustment at Closing
Property taxes run by calendar year. Closings do not. The property tax adjustment reconciles the two, so each party pays only for the days they actually owned the home. It appears on the statement of adjustments, the one-page summary your lawyer prepares showing what the buyer owes on closing beyond the purchase price. The rule in... Continue reading Property Tax Adjustment at Closing
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