Do you pay property tax (OZB) if you owned the home or commercial property on January 1?

If you move after January 1, the tax assessment for that year remains in effect. For OZB, we base the assessment on the situation as of January 1. Were you the owner of your home at that time? If so, you’ll receive a tax assessment for the entire year. You can ask your notary to settle part of the tax with the buyer.