Does the Assessor prorate taxes between buyer and seller in the event a business is sold? Before escrow can close, the buyer must review and sign all loan documents received from the lender.Learn all the details of the escrow process when selling a home in California. Understand all the steps, as well as tips to ensure a successful closing. The relationship between property taxes and escrow. This article explains how to understand the California home buying escrow process. Focusing on the California home buyer during the escrow process. Often, when the selling agent lists the property for sale, a "disclosure package" is provided to the seller to fill out. Real property taxes will not be prorated between SELLER and BUYER in Escrow. Would assist the Assessor in the valuation of your property. Other.