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. 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. At Closing, the Purchase Price shall be adjusted as follows:
Real Estate Taxes and Special Assessments. The general real estate taxes (excluding special assessments) for the year of closing, regardless of when payable, shall be prorated to date of closing, based on the most recent mill rate or tax rate times the most recent assessed value, with Seller being responsible for the day of the closing. If the Property is a part of a larger tax parcel, then the general taxes for the year of closing will be reasonably apportioned between the Property and the remainder of the property included within such tax parcel, with the amount apportioned to the Property then to be prorated as contemplated in this Section (and, in such a circumstance, the parties agree that an agreement or escrow may be necessary to ensure that the taxes due by Seller for the year of closing and relating to the property retained by Seller will be paid in full and may not become a lien against the Property). Taxes for all years prior to the year of closing, regardless of when payable, shall be paid by Seller on or before closing. Notwithstanding the foregoing, if the actual taxes and assessments for the year of the closing are materially different than the amount used for the proration at closing, Seller hereby agrees to pay/reimburse Buyer for any deficiency between the amount paid/credited at closing and the Seller’s pro rata portion of the actual taxes and assessments, which payment shall be made within ten (10) days following a written notice from Buyer to Seller along with a copy of the invoice for such actual taxes and assessments. Buyer shall be responsible for and will assume at closing, as the consideration to Seller for the sale of the Property, the outstanding balance of the existing special assessments associated with the Property. The provisions contained in this Section 7 shall survive the 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. 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;
B. Seller shall not be required to pay any future installments of any special assessments;
C. Seller shall pay on date of closing any deferred real estate taxes (including “Green Acres" taxes under MINN. STAT. §273.111) or special assessments payment of which is required as a result of the closing of this Agreement;
D. Buyers shall pay real estate taxes and any installments of special assessments due and payable in the year following closing and thereafter.
Real Estate Taxes and Special Assessments. For the Closing, the real estate taxes payable in the year prior to Closing shall be paid by Xxxxxx. 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. The Development Property is currently tax-exempt while owned by the City. Developer shall be responsible for all taxes post-closing, if any; and
b. All special assessments, if any, shall be paid by Developer. To the City Clerk’s actual knowledge as of the date of this Agreement, there will be no special assessments against the Development Property between the date of this Agreement and the Closing.
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.
