Escrow & Title
At a Massachusetts real estate closing, prorated property taxes are calculated based on the Massachusetts fiscal year, which runs:
AJanuary 1 to December 31
BApril 1 to March 31
CJuly 1 to June 30✓ Correct
DOctober 1 to September 30
Explanation
Massachusetts has a fiscal year running July 1 through June 30. Property tax proration at closing requires understanding how taxes are assessed and paid relative to this fiscal year.
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