Pro Rating Government Fees, or
“Rounding Up Down”

If you started a one year newspaper subscription on, say, March 7, the one year anniversary would be . . . March 7, right?

And if you joined Sam’s Club on October 14, your one year anniversary would be — yup — October 14.

(Bear with me, these aren’t trick questions.)

So, if you leased or bought a car on August 31, your one year anniversary for renewing your license plate tabs would be . . . August 31?!?   

Nope.

At least in Minnesota, your new tabs expire in eleven months, on July 31.

Call it “rounding up down.”

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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