Common use of TAXES, ASSESSMENTS AND PRORATIONS Clause in Contracts

TAXES, ASSESSMENTS AND PRORATIONS. A. General ad valorem taxes for the current calendar year shall be prorated through the date of closing, if certified. However, if the amount of such taxes has not been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at the time of Closing.

Appears in 27 contracts

Samples: oklahoma.gov, oklahoma.gov, oklahoma.gov

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TAXES, ASSESSMENTS AND PRORATIONS. A. General ad valorem taxes for the current calendar year shall be prorated through the date of closing, if certified. However, if the amount of such the taxes has not been fixed, the proration shall be based upon the rate of levy for the previous calendar year and the most current assessed value available at the time of Closing.

Appears in 10 contracts

Samples: oklahoma.gov, oklahoma.gov, oklahoma.gov

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