Did the seller pay property taxes for the day of closing?

In real estate transactions, the allocation of property taxes is typically calculated as of the date of closing. In most cases, the seller is responsible for property taxes up to the day of closing, and the buyer is responsible for property taxes from the day of closing onward.

The reasoning behind this is that property taxes are assessed based on ownership on a specific date, and closing represents the transfer of ownership of the property. Therefore, since the seller retains ownership rights until closing, they are accountable for the property taxes incurred during that period.

On the day of closing, however, the seller would typically not pay taxes for that day because they no longer own the property as soon as the closing occurs. The buyer assumes ownership from that point forward and will take on the tax responsibility from that date.

Hence, the answer is that the seller does not pay property taxes for the day of closing.