Problem regarding the property taxes


Problem: Benson has purchased a home from Vanessa. The sale is completed on April 15 and the property taxes are adjusted on the completion date. Property taxes are due on July 1. In this case: Group of answer choices Vanessa will have to pay Benson for the share of the taxes from January 1 through April 14. Vanessa and Benson will each pay ½ of the current year's taxes on July 1 when they are due. Benson will have to pay Vanessa for his share of the year's taxes after she pays them on July 1. Neither Vanessa nor Benson will have to pay any taxes on July 1 because the sale completed on April 15.

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Taxation: Problem regarding the property taxes
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