Real Estate Math
A Louisiana property sold for $265,000 and the property taxes of $3,180 per year were prorated at closing on September 30. How much does the seller owe for their portion of the year's taxes (January 1 – September 30)?
A$2,385.00✓ Correct
B$795.00
C$2,650.00
D$1,590.00
Explanation
9 months of taxes: $3,180 × (9/12) = $3,180 × 0.75 = $2,385. The seller is responsible for January 1 through September 30 (9 months).
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