Real Estate Math
A Missouri property tax bill is $4,200 per year. The closing occurs on September 30. The seller is responsible through closing. What is the seller's prorated tax share (using 360-day year)?
A$2,100
B$2,800
C$3,150✓ Correct
D$3,500
Explanation
Sept 30 = 9 months = 270 days. Seller's share = $4,200 × (270/360) = $4,200 × 0.
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