Meaning of Property Tax 3
How does the property tax work when there is a change of ownership? If you do not buy your new property on the key date, January 1st, on which property tax is paid for the entire year, you are probably wondering whether you have to pay the relevant sum on a pro-rata basis? The answer: no! The law clearly defines here that the owner of a plot of land or a property pays property tax on January 1st and then for the entire year. If you buy an object in May, for example, the debt in question is due by January 1st. compensated. Often, however, the buyer and seller draw up a contract independently of the legal regulation in which the buyer reimburses the seller the corresponding amount on a…