Real Estate Math
A Kansas seller's property taxes for the year are $2,190. They sell on August 1 (214 days into the year). Taxes are paid in arrears. What is the seller's tax proration due at closing?
A$1,279.40✓ Correct
B$1,282.80
C$1,288.00
D$1,283.40
Explanation
Daily tax rate = $2,190 ÷ 365 = $6.00/day.
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