Real Estate Math
Annual property taxes in Alabama are $2,400. Closing is on March 31. The seller owes taxes for January 1 through March 31 (90 days). How much does the seller owe at closing?
A$591.78
B$600.00✓ Correct
C$1,200.00
D$800.00
Explanation
Daily rate: $2,400 ÷ 365 = $6.575/day.
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