What is supplemental property tax and when does it apply?

Supplemental tax is a one-time bill issued after your purchase to account for the gap between the seller’s previous assessed value and your new higher purchase price. It typically arrives several months after closing and catches a lot of buyers off guard. The amount depends on how large the gap is and the time of year you purchased. I prepare buyers for this early so the timing and amount don’t hit like an unexpected expense in the middle of moving in.

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