Indiana Tax Proration Worksheet

Indiana property taxes are paid in arrears, so the seller owes for time already lived in the home but not yet billed. This works out what the seller credits the buyer at closing.

Estimate Worksheet
This is an estimate, not a closing figure Every number here comes from what's typed in below — nothing is looked up automatically. The last known tax amount and whether each installment has actually been paid need to be verified with the county treasurer before anyone relies on this. Use it to set expectations early in a transaction, not to decide what money changes hands. The title company handling the closing prepares the binding proration on the settlement statement.
1 Property

Need the tax figure? Look the property up on the free statewide DLGF tax bill search, or confirm the amount and payment status with the county treasurer.

2 Closing
3 Last known tax bill
Installment status — verify with the treasurer
Spring installment
Fall installment
4 Estimate for years not yet billed

Use the override when you know the bill will move — a reassessment after new construction, or a buyer who won't qualify for the homestead and mortgage deductions the seller had. Losing the homestead can raise an Indiana bill substantially.

Proration Worksheet

Property—
Closing—
County—
Method—
Who owns the tax year
Seller
Buyer
Seller's unpaid tax liability at closingAmount
Estimated seller creditDebit seller / credit buyer — verify before relying on it
$0.00

Before you send this to anyone Confirm the tax amount and installment payment status with the county treasurer. This worksheet does not account for penalties, special assessments, or a pending assessment appeal, and the purchase agreement controls if it calls for a different proration method.

Indiana assesses property as of January 1 and bills those taxes the following year in two installments, normally due May 10 and November 10. Because of that one-year lag, a seller at closing typically owes any installment still outstanding on the prior year plus the portion of the current year they have already lived through — none of which has been billed yet. This worksheet is provided for convenience and is not legal, tax, or accounting advice.