Common use of Property Tax Disclosure Summary Clause in Contracts

Property Tax Disclosure Summary. Xxxxx should not rely on the Seller's or any previous owner's reported property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase of the Property. A change of ownership, use, or property improvements may trigger reassessment or revaluation of the Property that could result in higher Property taxes. If Buyer has any questions concerning valuation, Xxxxx is encouraged to contact the local property appraiser's office for information.

Property Tax Disclosure Summary. Xxxxx Buyer should not rely on the Seller's or any previous owner's reported property taxes as the amount of property taxes that the Buyer may be obligated to pay in the year subsequent to purchase of the Property. Propert y. A change of ownership, use, or property improvements may trigger reassessment or revaluation of the Property that could result in higher Property taxes. If Buyer has any questions concerning valuation, Xxxxx is encouraged to contact the local property appraiser's office for information.