Real Estate Math
A Nebraska property taxes are $4,680/year. If taxes are prorated at closing on April 1 with the seller owing January 1 through March 31 (90 days using 360-day year), the seller's debit is:
A$1,170✓ Correct
B$1,200
C$1,050
D$1,400
Explanation
Daily rate = $4,680 ÷ 360 = $13/day. 90 days × $13 = $1,170.
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