#35 - Tax Related Closing Costs

Property Taxes
This is the one closing cost that is often prorated between the buyer and seller. If the seller has already paid the annual property taxes, the buyer typically reimburses the seller for the period in which the buyer will be occupying the property. Likewise, if the taxes have not yet been paid, the seller typically reimburses the buyer for the period in which the buyer occupied the property.

Transfer Taxes and Recording Fees
This is the cost for transferring ownership of the property and recording the purchase documents. The fee is often calculated as a percentage of the sales price.

For all your Real Estate needs... Call
Mark W. Slagle, Owner/Broker
Twin Lakes Realty & Auction
865-382-1670
mark@markwslagle.com
Office: 865-397-3540
Firm # 5270

Contact Information

Twin Lakes Realty and Auction

868 S US Hwy. 92

Dandridge, TN 37725

Office:(865) 397-3540

MARK W SLAGLE Owner / Broker 865-382-1670 SRES, GRI, e-Pro, ABR

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