Question
How much should Buyers credit be on the closing statement for the following: 2019 Property Tax Bill = $7,363.00 Closing Dates: 02/16/2019 (3 points) _________________________
How much should Buyers credit be on the closing statement for the following: 2019 Property Tax Bill = $7,363.00 Closing Dates: 02/16/2019 (3 points) _________________________ 08/10/2019 (3 points) _________________________ 11/09/2019 (3 points) _________________________ Formula: (1) How many days from 01/01/2019 to and including date of closing? (2) How much is tax per day? 7,363.00 / 365? (3) Answer to (1) x answer to (2) = Buyers Credit 2ND Quarter Sewer and Water Charges (04/01/19 06/30/19) Sewer: $69.73 Water: $97.00 3rd Quarter Closing Dates: 07/20/2019; 2 points for sewer_______________; 2 points for water_______________ 08/16/2019; 2 points for sewer_______________; 2 points for water_______________ 09/21/2019; 2 points for sewer_______________; 2 points for water________________ Formula: (1) How many days in 2nd Quarter (4/01/2019 to 06/30/2019)? (2) How many days from start of 3rd Quarter to and including date of closing (07/01/2019 to closing)? (3) How much is charge per day? (a) 69.73 / answer to (1) (b) 97.00 / answer to (1)? (4) Answer to (3) x answer to (2) = (a) (b) How much is the Transfer Fee for the following purchase prices: $78,500.00 (1 point) $136,000.00 (1 point) $495,900.00 (1 point) Formula: Purchase price x .003 =
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