Is it normal to have to pay a seller's non-homestead regardless of buyer's status?

Question

I'm buying a condo in the state of Michigan, and the taxes for this year were paid by the seller at a non-homestead rate, which is much higher than homestead rate. I'm being prorated to reimburse the seller for the part of the year when I will be living in the property, which I understand, but am I required to pay the non-homestead rate even if I am going to live at the property as my primary residence?

Answer 1

In Florida you would have to pay the rate charged on the house if it was homesteaded or not for the year in which you purchase the property. The seller will credit you at closing for the time that he owned the house and you would be responsible for the remaining months. Since it is a credit at closing you would be the one to actually pay the entire amount.

In 2009 you would apply for homestead exemption which would apply for that year. You should call the property appraisers office and see how things work in your State and in your city.

Answer 2

READ YOUR BUY/SELL CONTACT.

YOU MUST CLOSE AS TO YOUR SINGED B/S AGREEMENT AND ANY ADDENDUM'S.

IF YOU NEED MORE HELP, CONTRACT YOUR AGENT, HIS/HER BROKER OR AND ATTORNEY.