What was the seller's tax liability at closing for the Apton property?

In real estate transactions, particularly at closing, it is essential to allocate financial responsibilities accurately between the buyer and the seller. The seller's tax liability reflects the amounts that the seller must settle as part of the closing process, which can include property taxes that are owed.

When a seller is debited for an amount at closing, it signifies that this amount is being taken out of the seller's proceeds from the sale. Since the answer indicates a seller debit of $1,275, this means that the seller is required to pay this amount as part of their financial obligations at the closing, which aligns with the concept that any outstanding taxes owed by the seller must be resolved prior to transferring ownership to the buyer.

By contrast, a buyer credit or debit would denote actions related to the buyer's financial responsibilities and not directly reflect the seller's tax liability. Therefore, understanding the nuances of debits and credits in real estate transactions is crucial for ensuring proper financial accounting at closing, ultimately leading to a clear understanding of the seller's responsibilities in this scenario.