Real Estate Math
A Washington seller closes on September 15. Annual property taxes are $9,600, paid in arrears. How much does the seller owe at closing for the period Jan 1–Sep 15? (257 days)
A$6,762✓ Correct
B$6,789
C$7,200
D$8,000
Explanation
Daily tax rate = $9,600 ÷ 365 = $26.30/day.
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