1. A municipality has a budget of $13,350.00 and must collect that amount from a tax base of $987,000.00. a PROPERTY within that municipality has an assessed value of $285,000.00. The annual property tax for this property is (appromxialtely)
a. $2,850
B. $2,107
C. $3,353
D. $3,855
2. The closing date of a transaction in December 15th. The property is oil heated and has a 200 gallon oil tank. On the day prior to closing, the tank is filled. The amount required to fill the tank was 122.5 gallons at a pirce of $4.98 per gallon. Who receieves credit on the statement of adjustements and in what amount?
A. $996.00 CREDIT TO THE SELLER
B. $46.39 CREDIT TO THE BUYER
C. $949.61 CREDIT TO SELLER
D. $610.05 CREDIT TO BUYER