Question

# The annual real property tax liability for a residential property is $4302 and has been paid by the seller in advance of closing. Using the 30-day month/260-day year method what will be the tax proration entry on the settlement statement round to the nearest dollar for a closing on Oct. 26 if the buyer owns the day of closing? a.$3525 credit to the buyer and $777 debit to the seller b.$777 debit to the buyer and $3525 debit to the seller c.$777 credit to the buyer and $777 debit to the seller d.$3525 debit to the buyer and $3525 credit to the seller *Can anyone help with this? I am studying for my real estate exam and am having trouble with some of the calculations :) 137 likes 686 views ## Answer to a math question The annual real property tax liability for a residential property is$4302 and has been paid by the seller in advance of closing. Using the 30-day month/260-day year method what will be the tax proration entry on the settlement statement round to the nearest dollar for a closing on Oct. 26 if the buyer owns the day of closing? a. $3525 credit to the buyer and$777 debit to the seller b. $777 debit to the buyer and$3525 debit to the seller c. $777 credit to the buyer and$777 debit to the seller d. $3525 debit to the buyer and$3525 credit to the seller *Can anyone help with this? I am studying for my real estate exam and am having trouble with some of the calculations :)

Frederik
4.6
c. $777 credit to the buyer and$777 debit to the seller
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