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Tax Proration
The division of property taxes, insurance premiums, or other charges in proportion to time or use.
Annual Tax Bill
The total amount of taxes levied annually by various governmental entities, including federal, state, and local taxes.
Tax Rate
The rate at which a person or business is taxed by the government.
Tax Proration
The division or allocation of taxes between parties (such as buyers and sellers) based on their period of ownership or usage.
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