Beth is selling real estate located in Decorah, Iowa, to Sal. The parties agree on a closing
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Question:
Beth is selling real estate located in Decorah, Iowa, to Sal. The parties agree on a closing date of December The annual real estate taxes total $ Assume that Beth has always paid the real estate taxes when they are due and not earlier and assume that the parties agree to standard real estate tax proration in the state of Iowa. The closing agent will not pay any taxes directly to the County Treasurer at closing
What is the total amount of tax credits Sal should receive at closing from Beth for real estate taxes?
State the total amount to be credited and also provide the break down eg$ for the installment due in Month and Year
Show your work calculating the amounts in order to get points.
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