Real Estate Property Taxes are Due Soon – Don’t Forget!

It’s property tax season! In Kansas, property taxes are due in arrears and paid twice a year. Taxes for the first half of the year are due December 20th of the current year; the second half of the year is due on May 10th of the following year. This means that unpaid taxes for the current year are considered delinquent as early as December 21st.

In order to avoid delinquency, we recommend paying before December 20th, otherwise you could encounter long lines or delays in processing your payment.  With varying restrictions due to Covid-19, be sure to contact your county treasurer in advance to see if an appointment is required to pay your bill or be sure to mail in your payment early enough to ensure it is postmarked prior to the due date.

Selling your real estate?

If your real estate is currently under contract, you may have very specific questions. Like, what if I am selling my real estate and the closing date is near the tax due date? How does our title company handle taxes? Do we pay them ourselves? Do we pay them at closing?

First, take a deep breathe. Then call your closing agent and ask them how they would prefer to handle the taxes.

If the closing date is prior to the due date your closing agent may prefer that you wait and pay the taxes through closing. If they are due after closing, they may encourage payment prior to closing to prevent late fees and penalties. Either way, if a payment is made your closing agent will need proof of payment in order to remove the payment from the settlement statement. Otherwise funds will be held in escrow and paid to the county by December 20th or refunded to the Seller upon proof of payment prior to December 20th.

How do I get proof of payment?

When paying taxes in the county office, the treasurer will provide you with a receipt for your payment. Hand deliver or email a copy to your closing agent and they will take care of the rest. If you mail in your payment, your closing agent can call the county and request the receipt.

If taxes are paid at closing, do I have to take the check to the county treasurer myself?

Nope, the title company will send a courier to the county and take care of getting them paid, you will not need to worry about the taxes getting paid we will take care of everything.

If you are unsure of next steps please feel free to reach out to our office. We can walk you through the process to make your closing as smooth and stress free as possible.