Search Results for: The sale of a property will close on June 15. Taxes are $5,424 per year and are paid in arrears. How will this be reconciled on the settlement statement, assuming a statutory year?$2,485.99 Debit Seller / $2,485.99 Credit Buyer$2,485.99 Credit Seller / $2,937.99 Debit Buyer$2,937.99 Debit Seller / $2,485.99 Credit Buyer$2,937.99 Debit Seller / $2,937.99 Credit Buyer