verb
prorate
proh-RAYT/ˌprəʊˈreɪt/
Divide or calculate an amount in proportion to time, use, or share.
The clerk prorates the service charge according to the hours used.

Etymology
The underlying phrase means 'according to the calculated share,' with the reckoning root supplying 'calculated.' To prorate a charge or allocation is to adjust it to the relevant share of time, use, or entitlement.
In context
they prorate out the property lines in between, and I'm reading
More examples
- We prorate the water bill according to each tenant's usage.
- The partners prorated expenses according to their ownership shares.
- The company is prorating bonuses for employees hired during the year.
Forms
prorate · prorates · prorated · prorating
proration noun — Calculation or division of amounts proportionally.
Similar words
- apportion
- Divides something into shares, not necessarily by a fixed proportion.
- allocate
- Assigns amounts or resources without requiring a proportional calculation.