A buyer in Ohio purchases a home on August 15. The seller has NOT paid the second-half property taxes due in June. The title company's proration shows taxes are current. Which party is MOST at risk?
Correct Answer
B) The buyer, because property tax liens run with the land and the unpaid taxes are now the buyer's responsibility
In Ohio, property tax liens attach to the property, not the individual owner. If taxes are not paid at closing, the lien follows the property to the new buyer. If the title company's proration was incorrect, the buyer may be responsible for the unpaid taxes. This highlights the importance of proper tax verification at closing.
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