Proration Calculator

Estimates only — your contract, lender's disclosure and tax situation govern. List With Agent is not a real estate brokerage. We are an independent marketing and referral service that connects home sellers with licensed real estate agents. This page is general educational information, not legal, financial, or real estate advice.

How it works

Daily rate = annual amount / day count. The seller owes the share through the closing day; the buyer owes the remainder. Prorations settle property taxes, HOA dues, and rent at closing and appear on the Closing Disclosure. Your settlement agent sets the exact method and day count.

Frequently asked questions

What is a proration at closing?

A proration divides a shared cost, such as property tax, HOA dues, or rent, between the seller and buyer based on who owned the property during the period. It appears as a debit or credit on the Closing Disclosure.

What is the difference between the 365-day and 360-day methods?

The 365-day method uses actual days in the year, while the 360-day method treats each month as 30 days. Different states and settlement agents use different conventions, so confirm which applies to your closing.

Who pays property taxes at closing?

Property taxes are usually prorated: the seller pays for the portion of the tax period before closing and the buyer pays for the rest, unless the contract or state practice says otherwise.

Can this calculator prorate rent?

Yes. Enter the annual rent (monthly rent times 12) and the closing date to split the rent period between seller and buyer.