Common use of PROPERTY TAX DISCLOSURE SUMMARY Clause in Contracts

PROPERTY TAX DISCLOSURE SUMMARY. Buyer should not rely on the Seller’s current property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase. A change of ownership or property improvements triggers reassessments of the property that could result in higher property taxes. If you have any questions concerning valuation, contact the County Property Appraiser’s office for information. The Remainder of this Page Intentionally Left Blank

PROPERTY TAX DISCLOSURE SUMMARY. Buyer should not rely on the Seller’s current property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase. A change of ownership or property improvements triggers reassessments of the property Property that could result in higher property taxes. If you have any questions concerning valuation, contact the County Property Appraiser’s office Office for information. The Remainder of this Page Intentionally Left Blank.