Question

On December 10 a property was closed in escrow. The assessed valuation of the property was $250,000. The tax rate for real property was $25 per thousand. The current taxes have been paid. The seller is responsible for the day of closing. What will the buyer be charged for his portion of the taxes?
a. $2,850b. $2,890c. $3,460d. $6,380

Answer 1

Answer:

The answer is c.

Explanation:

Answer 2

The buyer be charged for his portion of the taxes was C.  $3,460

What is an example of a property tax?

property Tax instance

For instance, if the property tax price is 4% and your home's assessed cost is $2 hundred,000, then your house tax liability equals (. 04 x $2 hundred,000) or $eight,000. The assessed cost is often computed with the aid of incorporating the purchases and sales of similar houses in nearby areas.

What happens if you don't pay property tax?

Court action. If you don't pay after we've sent a final notice, we'll apply to the Magistrates' Court for a summons to be issued against you for the full amount of council tax you owe. This costs us £93 which we'll add to the amount you owe.

Learn more about Property Tax at https://brainly.com/question/25844719

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