SUPPLEMENTAL TAXES. The within described property may be subject to supplemental real property taxes due to the change of ownership taking place through this escrow. Any supplemental real property taxes arising as a result of the transfer of the property to Buyer shall be the sole responsibility of Buyer and any supplemental real property taxes arising prior to the closing date shall be the sole responsibility of the Seller. TAX BILLS ISSUED AFTER CLOSE OF ESCROW SHALL BE HANDLED DIRECTLY BETWEEN BUYER AND SELLER.
SUPPLEMENTAL TAXES. Escrow Holder shall have no responsibility for this Section. Should any supplemental taxes be levied and billed after Close of Escrow pursuant to California Revenue and Taxation Code Sections 75 and following as a result of the transfer of title to Buyer, such taxes shall be the obligation of Buyer except for supplemental taxes levied by reason of improvements or transfers or other events which occurred before Close of Escrow, which portion, if any, shall be the obligation of Seller. Seller shall pay supplemental taxes, if any, for which Seller is responsible within thirty (30) days after Buyer provides Seller with a demand for payment accompanied with reasonable documentation from the County that such sum is payable by Seller pursuant to this Section.
SUPPLEMENTAL TAXES. Seller shall be responsible for any real property taxes and assessment (including any supplemental assessments) attributable to the period prior to the Closing. Buyer shall be solely and absolutely responsible for all taxes, assessments, supplemental taxes and reassessments arising out of the sale of the Property or a subsequent sale or change in ownership thereafter, and/or arising out of any construction, land use changes or other entitlement modifications pertaining to the Property as a result of Buyer’s actions or following the Closing.
SUPPLEMENTAL TAXES. Seller and Buyer acknowledge that the subject property may be subject to supplemental taxes due as a result of change of ownership taking place through this escrow. Any necessary adjustment due either party on receipt of a supplemental tax xxxx will be made by the parties outside of this escrow and escrow holder is released of any liability in connection with same.
SUPPLEMENTAL TAXES. Supplemental taxes for the period prior to the Close of Escrow shall be paid by Optionor and supplemental taxes for the period from and after the Close of Escrow shall be paid by Optionee. The parties’ obligations set forth in this Section 8.5 shall survive the Closing.
SUPPLEMENTAL TAXES. Buyer is advised that the County Tax Assessor will revalue property that changes ownership or contains new construction, which may result in a supplemental assessment. The supplemental taxes will be assessed from the date of the change in ownership or completion of construction.
SUPPLEMENTAL TAXES. Any supplemental taxes which may become a lien on the subject property by reason of increased valuations due to land use or improvement, NRS 361.260, or otherwise. All taxes current
SUPPLEMENTAL TAXES. If any supplemental tax bills are issued, Seller will pay to Buyer, within thirty (30) days after Buyer’s request, any portion of such supplemental taxes allocable to the period up to, and including, the Closing Date, which obligation will survive the Close of Escrow. In addition, if either party receives a tax refund relating to the Property, within thirty (30) days after receipt thereof, Seller will pay to Buyer any portion thereof allocable to the period commencing after the Closing Date and/or Buyer will pay to Seller any portion thereof allocable to the period up to, and including, the Closing Date.
SUPPLEMENTAL TAXES. The lien of supplemental taxes assessed pursuant to Chapter 3.5 commencing with Section 75 of the California Revenue and Taxation Code as a result of the transfer of title to Buyer, but not with respect to prior construction or any prior changes in ownership, shall constitute an Approved Title Condition.
SUPPLEMENTAL TAXES. Any supplemental taxes arising on or after the Close of Escrow shall be the sole responsibility of Optionee.
