Real Estate Math
A Kansas property has annual property taxes of $3,650. Closing occurs on September 30 (day 273). How many days does the buyer own the property in that tax year?
A92 days✓ Correct
B273 days
C180 days
D365 days
Explanation
The buyer owns the property from October 1 (day 274) through December 31 (day 365) = 365 - 273 = 92 days. At $10/day ($3,650/365), buyer's share = 92 x $10 = $920.
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