Real Estate Math
Annual property taxes are $3,600. The closing is on September 30 (day 273 of 365). If taxes are paid in arrears, how much does the seller owe in prorated taxes?
A$10✓ Correct
B$2,400
C$906
D$1,800
Explanation
Daily tax = $3,600 ÷ 365 = $9.863.
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