The title company I'm forced to use because I'm purchasing a house from a builder, is claiming I need 11 months of taxes at closing! The house will be completed in August in Katy which means 27K in pre-paid! Is the title company correct?
If this is correct then at what point will I get this money back? Would I get the money back after the first year?
The 27k seems to be based on the purchase price of the house but I would think that part of the assessed property value would be on the undeveloped Land. Thus, I would only need to pay only 5 months for the value of the land and 6 months for the value of the house + land.