Question
Assume that the property tax bill on the home you live in is $2,400. You have always paid your property taxes annually on the date
Assume that the property tax bill on the home you live in is $2,400. You have always paid your property taxes annually on the date they are due. Suppose you sell your home and the buyer, who has also decided to pay property taxes annually, takes possession on May 1st. How much will the buyer owe you with respect to the property tax adjustment?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakins
9th Edition
0134519264, 9780134519265
