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Real Estate Tax Proration Calculator

  1. #1
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    Real Estate Tax Proration Calculator

    Hi. New to the forum and someone on here had a Real Estate Tax Proration Calculator which is very helpful. I posted a question on that thread but the admin said I have to create a new topic. I haven't created any excel worksheets in 25 years so very rusty! I think I uploaded the attachment from the person that posted this a few years ago.

    My question was...How would I add to this and have a column to show whether the tax is paid or unpaid? For example, in NYS, the school tax runs July 1 - June 30 but the bill can be paid up until Oct 10. If someone closed on October 10 and the seller had not paid the bill yet, the buyer would pay it in full and then get a credit from the seller from July 1 to October 9. Thank you!
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  2. #2
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    Re: Real Estate Tax Proration Calculator

    It might help if you would manually mockup the expected output so that we have something with which to compare the results of our proposed formulas/code.
    Also unless it is blatantly obvious how the output was derived, please include an explanation.
    Let us know if you have any questions.
    Consider taking the time to add to the reputation of everybody that has taken the time to respond to your query.

  3. #3
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    Re: Real Estate Tax Proration Calculator

    I attached a screenshot from a website that has this calculator. Problem is it only goes to 2022. I can still use it just by entering the wrong year. In the screenshot example, the school tax starts on July 1, was not paid by the seller so the seller owes the buyer 92 days. Hope that helps!
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  4. #4
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    Re: Real Estate Tax Proration Calculator

    Still seems like I am guessing at what you want.
    If you want a drop down that can toggle between Paid and Not Paid.
    1. Convert the range A2:F5 into an Excel table
    2. Put the drop downs in column E
    Note that when a new row is added to the table the dropdown will added also.
    Let us know if you have any questions.
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