FinancingClosing_costsEASY
Property tax prorations at a Missouri closing are typically:
Correct Answer
B) Based on the calendar year with the seller responsible through the day before closing
Missouri property taxes are prorated at closing, with the seller paying through the day before closing and the buyer paying from the closing date forward.
Answer Options
A
Not calculatedB
Based on the calendar year with the seller responsible through the day before closingC
Always paid entirely by the buyerD
Paid by the stateWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Related Topics:
closing costspaid-in-arrears taxationclosing disclosureseller creditsMissouri property tax due dates
Key Terms:
property tax prorationpaid in arrearsseller creditclosing costscalendar year proration
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