Escrow & Title
Proration of property taxes at closing in Mississippi means:
AThe seller pays all taxes for the year
BTaxes are divided proportionally between buyer and seller based on days of ownership during the tax year✓ Correct
CThe buyer assumes all future tax obligations
DThe lender pays taxes from escrow
Explanation
Tax proration divides the annual property tax between buyer and seller based on how many days each party owns the property during the tax year. This is a standard closing adjustment.
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