FinancingClosing_costsEASY
Property tax prorations at a Nevada closing:
Correct Answer
B) Divide taxes between buyer and seller based on the closing date
Nevada property taxes are prorated at closing, dividing the tax obligation between buyer and seller based on the closing date.
Answer Options
A
Not doneB
Divide taxes between buyer and seller based on the closing dateC
Always paid by buyerD
Paid by stateWhy This Is the Correct Answer
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Related Topics & Key Terms
Related Topics:
closing costsescrow proceduresNevada fiscal yearproperty tax installmentsclosing disclosure
Key Terms:
property tax prorationclosingNevada fiscal yearescrowbuyer seller split
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