Real Estate Math
Vermont property taxes for a year are $4,200. Closing is October 1 (275 days into a 365-day year). Using a 365-day year, what is the seller's share of taxes through closing?
A$2,800
B$3,164✓ Correct
C$3,500
D$2,968
Explanation
Seller's days = 275. Per-day tax = $4,200 / 365 = $11.
Related Vermont Real Estate Math Questions
- A Vermont commercial property has 5,000 square feet of leasable space renting at $15 per square foot per year. What is the annual gross income?
- A Vermont couple's combined gross monthly income is $9,200. The front-end housing ratio limit is 28%. What is the maximum monthly housing expense allowed?
- A Vermont home sells for $375,000. The Vermont Property Transfer Tax for a non-primary-residence buyer is 1.45% of the purchase price. What is the tax?
- A Vermont investor buys a property at $525,000 and sells it 2 years later for $598,500. What was the total appreciation percentage?
- A seller lists a Vermont property for $420,000 and agrees to pay a 5% commission. The property sells for $408,000. How much is the total commission?
- A Vermont seller's net sheet shows a sale price of $398,000. Deductions include: 5% commission, $4,200 in closing costs, and a mortgage payoff of $215,000. What is the seller's net proceeds?
- A 1-acre lot sells for $65,000 in Vermont. What is the price per square foot? (1 acre = 43,560 sq ft)
- A rental property in Burlington generates $2,400/month gross rent. What is the annual gross rent multiplier (GRM) if the property sold for $345,600?
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →