Finance
A Maine property closing takes place on March 20. Annual property taxes of $4,800 have been paid in full by the seller. The buyer owes the seller a property tax proration credit for approximately:
A$1,200
B$3,400✓ Correct
C$2,756
D$3,044
Explanation
Taxes for the remaining portion of the year (March 20 through December 31) belong to the buyer. Days remaining = about 286 days.
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