In a property closing on April 18th, which tax proration is least likely to be used in the offer?

When considering tax proration in a property closing, understanding the timing and relevance of the various types of taxes involved is crucial. In this context, net general taxes for the current year are less likely to be used in an offer for several reasons. Typically, at the time of closing, the property tax bill for the current year has not yet been finalized, as the tax authorities may still be in the process of assessing and calculating those figures. This uncertainty makes it challenging to accurately prorate the current year's taxes.

In contrast, estimated taxes for the next year can help both the buyer and seller have a proactive approach toward future budgeting and financial responsibilities. Accrued interest on the property is a different category entirely, separately determining the financial obligations associated with the financing rather than property tax considerations. Lastly, property taxes for the previous year are a concrete amount that has already been assessed and can be accurately prorated to reflect the responsibilities of both parties up to the closing date. This grounding in solid data makes previous year’s tax figures more suitable for proration in offers. Therefore, net general taxes for the current year lacks the certainty needed to make it a reliable option in this situation.