In Piatt County, the Real Property Tax Year Is the Calendar

question 77

Essay

In Piatt County, the real property tax year is the calendar year.The real property tax becomes a personal liability of the owner of real property on January 1 and is payable on July 1 in the real property tax year.On June 30 of this
year (assume it is not a leap year), Harry sells his house to Judy for $110,000 and on July 1, Judy pays the entire real estate tax of $4,380 for the current year ending December 31.
a.How much of the property taxes may Harry deduct?
b.How much of the property taxes may Judy deduct?

---

Definitions:

Counterconditioning Techniques

Methods used in behavioral therapy to reduce unwanted behaviors by associating them with positive stimuli.

Mary Cover Jones

An early psychologist known for her work in desensitization and conditioning, often considered the "mother of behavior therapy."

Behavioral Psychologist

A professional in psychology who focuses on understanding and modifying behavior through learning theory and behavior analysis.

Behavior Therapy

A form of psychotherapy that aims to change undesirable behaviors through conditioning techniques.