Real Estate Math
A Kansas buyer closes on July 1. Annual real estate taxes are $3,650 and are paid in arrears. How much does the seller owe at closing for their portion (January 1–June 30 = 181 days)?
A$1,812.33✓ Correct
B$1,810.00
C$1,825.00
D$1,826.50
Explanation
Daily tax = $3,650 ÷ 365 = $10/day. Seller's share = 181 × $10 = $1,810.
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