What is the additional adjustment amount needed on 12/31/X2 after the 20X2 actual property tax bill is received?
 

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Tax Bill for year ending 12/31/X1 Assume we will estimate our 20X2 bill based on the 20X1 bill Assume we do not know the actual 20X2 bill until it is sent on: Tax Bill for year ending 12/31/X2 Property Tax Payment due $300,000 12/31/X2 $312,000 2/1/X3 Tax Bill for year ending 12/31/X1 Assume we will estimate our 20X2 bill based on the 20X1 bill Assume we do not know the actual 20X2 bill until it is sent on: Tax Bill for year ending 12/31/X2 Property Tax Payment due $300,000 12/31/X2 $312,000 2/1/X3

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