Escrow & Title
A Wisconsin seller's prorated property taxes appear on the closing statement as a:
ACredit to the buyer and debit to the seller✓ Correct
BCredit to the seller and debit to the buyer
CDebit to both parties
DCredit to both parties
Explanation
Since Wisconsin property taxes are paid in arrears, the seller owes taxes for the portion of the year they owned the property. This appears as a debit to the seller and a credit to the buyer.
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