Property taxes on a Texas home are $6,000 per year. The sale closes on April 1. How much does the seller owe for prorated taxes?
Question & Answer
Review the question and all answer choices
$1,500
$4,500
$3,000
$2,000
Why is this correct?
Seller owns for 3 months (Jan-Mar). $6,000 ÷ 12 = $500/month × 3 months = $1,500.
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