Closing Cost & Property Tax Proration Calculator
Estimate what a seller nets at closing after payoff, commission, and costs — then split the year's property taxes between buyer and seller using the 365-day proration method.
Seller net proceeds
Commission$30,000
Mortgage payoff$280,000
Other closing costs$4,000
Estimated net to seller$186,000
Property tax proration (365-day method)
Daily tax rate$13.15
Days owed by seller165 of 365
Seller's share (Jan 1 – closing)$2,169.86
Buyer's share$2,630.14
The seller's share is typically a credit to the buyer at closing.
Estimates only, using the 365-day proration method and the assumption that the seller pays through the day before closing. Florida practice, tax timing, and contract terms vary — confirm with your closing agent. Some closings use a 360-day method.
Guiding clients through closing?
Get your Florida real estate license with Comet CE's FREC-approved courses.
View courses